please help

profilesmartkid


A convenience store posted the following figures for gasoline sales in gallons over the past 4 days compared to its forecasted sales using two different forecast methods:

 

            DAY                ACTUAL SALES                      FORECAST 1               FORECAST 2

 

             1                                 600                                      610                             570

             2                                 590                                      620                             625

             3                                 570                                      600                             560

             4                                 635                                      590                             615

           

 

Using MAPE as the accuracy measure, which forecast is “best”.  You must show your work.

 

    • 12 years ago
    • 5
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