Compute the mad and mpe for years, Operation Management

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Compute the mad and mpe for years

Solve the below problem:

Q: The following table shows demand for chocolate products by Colorful Candies Company (CCC) in cases over the past four years. A season in this context is one month, and a cycle is one year.

	2013	2014	2015	2016
January	1100	1130	1300	1300
February	2030	2380	2500	2650
March	3060	3560	3630	4060
April	4030	4830	5240	5390
May	4260	4840	4800	5460
June	4030	4710	5110	5530
July	5010	5720	6240	6730
August	6590	6620	7400	8450
September	6060	7210	7240	8220
October	5390	5630	6190	7070
November	3280	3390	3810	4270
December	2070	2340	2510	2620

Apply this seasonal correction to the trend forecast from above and present a forecast for 2017. Compute the MAD and MPE for years 2013-2016 based on this seasonal x trend approach.

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Operation Management: Compute the mad and mpe for years

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