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Forecasting Computation

This document contains a table summarizing forecasting errors for 8 periods. It shows the actual values, forecasts, errors between actuals and forecasts, squared errors, and mean absolute percentage error (MAPE) calculations. A second table shows the same forecasts with values increased by 1% to analyze the effect on errors. Formulas are provided to calculate mean absolute deviation (MAD), mean squared error (MSE), and MAPE for the second set of forecasts.

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jonalyn arellano
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26 views

Forecasting Computation

This document contains a table summarizing forecasting errors for 8 periods. It shows the actual values, forecasts, errors between actuals and forecasts, squared errors, and mean absolute percentage error (MAPE) calculations. A second table shows the same forecasts with values increased by 1% to analyze the effect on errors. Formulas are provided to calculate mean absolute deviation (MAD), mean squared error (MSE), and MAPE for the second set of forecasts.

Uploaded by

jonalyn arellano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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PERIOD ACTUAL FORECAST (A-F) Error (Error) Error ^2

1 517 515 2 2 4
2 515 516 -1 1 1
3 518 515 3 3 9
4 512 514 -2 2 4
5 514 512 2 2 4
6 519 516 3 3 9
7 516 517 -1 1 1
8 512 516 -4 4 16
TOTAL 2 18 48

MAPE
{/Error/Actual} x 100
0.39
0.19
0.58
0.39
0.39
0.58
0.19
0.78
3.49

0.44%
1% increased PERIOD ACTUAL FORECAST (A-F) Error (Error) Error ^2
1 500 502 -2 2 4
2 502 501 1 1 1
5 3 504 509 -5 5 25
4 500 505 -5 5 25
5 503 505 -2 2 4
5 6 506 511 -5 5 25
7 508 505 3 3 9
8 510 508 2 2 4
5 9 505 510 -5 5 25
10 502 500 2 2 4
11 507 510 -3 3 9
5 12 509 514 -5 5 25
TOTAL -24 40 160

MAD A-F 40/12 3.33


n

MSE (A-F)^2 160/(12-1) 14.55


n-1

MAPE (A-F/A) * 100 0.66%


n
7.92%/12
{/Error/Actual} x 100
0.40
0.20
0.99
1.00
0.40
0.99
0.59
0.39
0.99
0.40
0.59
0.98
7.92
1 2 3 SUPPLY
30 5 0 35
A
0 35 5 40
B
0 0 25 25
C
DEMAND 30 40 30

DESTINATIONS
SUPPLY
1 2 3
A 3,400.00 100.00 3,500.00
SOURCE B 3,400.00 800.00 4,200.00

C 2,300.00 2,300.00

DEMAND 3,400.00 3,500.00 3,100.00 10,000.00


FROM TO QUANTITY

A 1 30

A 2 5

B 2 35
B 3 5

C 3 25
Source Destination TOTAL=100

FROM TO QUANTITY
A 1 3,400
A 2 100
B 2 3,400
B 3 800
C 3 2,300
Source Destination TOTAL= 10,000

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