Question: Extra Credit III - Forecast Errors (10.0 points)
This question requires some thought, but the correct answer can be reached if you think long enough about it. You are performing an analysis of your chosen forecasting method and have tracked errors for forecasts over the previous 24 time periods. You have obtained the following results from your error analysis: MAD = 25
MAPD = 0.10
E (Cumm. error) = 5 What might you conclude about your forecasts?

1. Forecasts are consistently above the actual demand.
2. Forecasts are consistently below the actual demand.
3. Forecasts fluctuate wildly above and below the actual demand.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document