Solved

The Last Four Weekly Values of Sales Were 80, 100

Question 31

Essay

The last four weekly values of sales were 80, 100, 105, and 90 units. The last four forecasts (for the same four weeks) were 60, 80, 95, and 75 units. Calculate MAD, MSE, and MAPE for these four weeks.
The last four weekly values of sales were 80, 100, 105, and 90 units. The last four forecasts (for the same four weeks) were 60, 80, 95, and 75 units. Calculate MAD, MSE, and MAPE for these four weeks.

Correct Answer:

verifed

Verified

MAD = 65/4 = 16.25; ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: If a barbershop operator noted that Tuesday's

Q19: The forecasting time horizon and the forecasting

Q49: Most forecasting techniques assume that there is

Q73: The _ measures the strength of the

Q81: John's House of Pancakes uses a weighted

Q92: A seasonal index for a monthly series

Q109: A measure of forecast error that does

Q121: Forecasts<br>A) become more accurate with longer time

Q132: What does it mean to "decompose" a

Q132: Identify three advantages of the moving average