Use the forecast errors given here to compute MAD and MSE. Discuss the information yielded by each

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Use the forecast errors given here to compute MAD and MSE. Discuss the information yielded by each type of error measurement.

Period e

1 ..........2.3

2 ..........1.6

3 ..........-1.4

4 ..........1.1

5 ...........3

6 .......... -.9

7 .......... -1.9

8 ..........-2.1

9 ...........7

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Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

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Question Posted: Mar 19, 2013 05:55 AM

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Use the forecast errors given here to compute MAD and MSE. Discuss the information yielded by each

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Period e e 2 1 230 230 529 2 160 160 256 3 140 14...View the full answer

Business Statistics for Contemporary Decision Making

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