A company sells Wielding generators. The demand for periods 1 to 9 is 44, 52, 50, 54, 55, 55, 60, 56, and 62. Develop a regression forecasting equation and forecast sales for period 15 ( c) What is...

A company sells Wielding generators. The demand for periods 1 to 9 is 44, 52, 50, 54, 55, 55, 60, 56, and 62. Develop a regression forecasting equation and forecast sales for period 15 (

c) What is forecasting error? Compute the MAD and MSE using the following data and comment on the accuracy of the forecasting

Period

Actual

Forecast

1

217

215

2

213

216

3

216

215

4

210

214

5

213

211

6

219

214

7

216

217

8

212

216