The Following Table Provides the Demand and the Forecast for the Television

question 41

Short Answer

The following table provides the demand and the forecast for the television model AK117 at a major electronics retailer. Calculate the CFE, MSE, MAD, and MAPE.
$$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Month } & \text { Demand } & \text { Forecast } & \text { Error } & \begin{array} { c } \text { Squared } \\\text { Error }\end{array} & \begin{array} { c } \text { Absolute } \\\text { Error }\end{array} & \begin{array} { c } \text { Absolute } \\\text { Percentage } \\\text { Error }\end{array} \\\hline 1 & 50 & 57 & - 7 & 42.25 & 6.5 & 13 \\\hline 2 & 60 & 54 & 6 & 36 & 6 & 10 \\\hline 3 & 55 & 55 & 0 & 0 & 0 & 0 \\\hline 4 & 45 & 58 & - 13 & 156.25 & 12.5 & 27.8 \\\hline 5 & 70 & 50 & 20 & 400 & 20 & 28.6 \\\hline 6 & 58 & 58 & 1 & 0.25 & 0.5 & 0.9 \\\hline 7 & 64 & 64 & 0 & 0 & 0 & 0 \\\hline 8 & 53 & 61 & - 8 & 64 & 8 & 15.1 \\\hline 9 & 59 & 59 & 1 & 0.25 & 0.5 & 0.8 \\\hline 10 & 62 & 56 & 6 & 36 & 6 & 9.7 \\\hline & & total & 6 & 735 & 60 & 106 \\\hline\end{array}$$

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Capital Structure Decisions

Strategic choices made by a firm regarding the mix of financial securities, such as debt and equity, to optimize its funding and operational goals.

Shares Of Stock

Units of ownership in a corporation or financial asset, providing a proportion of the profit to shareholders in the form of dividends.