Using the following data determine the values of MAD and MSE. Which of these measurements of error

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Using the following data determine the values of MAD and MSE. Which of these measurements of error seems to yield the best information about the forecasts?Why?

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Business Statistics For Contemporary Decision Making

ISBN: 978-1118749647

8th edition

Authors: Black Ken

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Question Posted: Feb 19, 2015 09:22 AM

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Using the following data determine the values of MAD and MSE. Which of these measurements of error

Question:

Period Value Forecast 19.4 23.6 24.0 26.8 29.2 35.5 16.6 19.1 22.0 24.8 25.9 28.6

Step by Step Answer:

Period Value F e e 2 1 194 166 28 28 784 2 236 191 45 ...View the full answer

Business Statistics For Contemporary Decision Making

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