Smart Phone covers sales for the past 12 months is given below. Management forecast's for the months of March, April, May, and June are listedMonthUnit SalesManagement's ForecastJulAug SepOctNovDecJanFebMarAprMayJun100959511212611895851019489110122114108112a) What is the MAD for the forecast developed by management sales (round your response to two decimal places)What in the MAPE for the forecast developed by management % (round your response to two decimal places).%3D

MAD shows the average deviations of the forecasted values in comparison to actual sales. MAPE is…

Answered: 101 Management's Forecast 122 114 a)…

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

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101 Management's Forecast 122 114 a) What is the MAD for the forecast developed by management sales (round your response to wo decimal places). What is the MAPE for the forecast developed by management % (round your response to two decimal place)