Determine the error for each of the following forecasts. Compute MAD andMSE. Period Vale Forecast Error 202
Question:
Determine the error for each of the following forecasts. Compute MAD andMSE.
Transcribed Image Text:
Period Vale Forecast Error 202 191 173 169 202 192 181 174 172 174 179 189 198 211 4 175 182 196 204 219 227 10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Period Value F e e 2 1 202 2 191 202 11 11 121 3 173 192 19 19 361 ...View the full answer
Answered By
Anya Roth
I am a recent graduate with a background in Nutritional Science (MSc), where I am particularly specialised in biological sciences. Throughout my undergrad, I focused on psychology and behavior change as well, and familiar with data programmes such as SPSS, excel, and word.
During my educational career, I maintained a 4.0 in math, English, and science. Throughout my educational years, I took Spanish on the side, for a total of four years.
English and grammar are particular areas of interest, in addition to human biology and nutrition. However, I am happy to help in any areas where I can be of service! Let me know if there are any particular areas which I have not mentioned, and I would be happy to see if I could help in any way! Thank you!
0.00
0 Reviews
10+ Question Solved
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted:
Students also viewed these Statistics questions
-
Determine the p-value for each of the following hypothesis-testing situations. a. Ho: p = 0.5. Ha, p 0.5, z = 1.48 Ha p = 0.4. Har p > 0.42 = 0.98 d. Ho: p = 0.2. Ha: p < 0.2, z =-1.59
-
Determine the p-value for each of the following situations. Ha: 1 > 0, with n 18 and t* 2.4 Ha: ! 0, with n-15, bi 0.16, and sh,-0.08 Hai | < 0, with n 24, bl -1.29, and sh,-0.82 a. b. c.
-
Determine the volume for each of the following stocks. a. Berkshire Hathaway Inc b. McDonald's Corporation c. Texas Instruments Inc d. Westpac Banking Corporation Sales of Last Change 100s High Low...
-
Identify possible opportunities for denormalizing these relations as part of the physical design of the database. Which ones would you be most likely to implement
-
Let f1, f2, . . . , fn be nonnegative definite concave functions on a convex set S. The function is quasi concave on S for any α1, α2, . . . , αn +. f(x) =...
-
Sangreen Companys checkbook lists the following: The May bank statement shows: Requirement 1. Prepare Sangreens bank reconciliation at May 31, 2019. Check Balance Date Check No. Item Deposit $ 505...
-
A game of chance based on a spinning wheel is available that pays \(n\) times money bet in the case of a win and nothing in the case of a loss. A gambler has developed a device by which he may...
-
Some communication experts claim that men and women have different styles of communication that create barriers to decoding messages from a sender of the opposite sex. What do you think are the...
-
On December 31, Rodriguez Company has the following list of account balances. Accounts Payable $ 28,900 Equipment $ 31,100 Accounts Receivable 57,700 Service Revenue 61,800 Accumulated Depreciation,...
-
Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...
-
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...
-
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? Period Value Forecast 19.4 23.6 24.0...
-
Assume that \(\left(S_{t} ight)_{t \in \mathbb{R}_{+}}\)and \(\left(N_{t} ight)_{t \in \mathbb{R}_{+}}\)satisfy the stochastic differential equations \[d S_{t}=r_{t} S_{t} d t+\sigma_{t}^{S} S_{t} d...
-
1. For this assignment, will find a great speaker, enjoy the presentation, and then write about it. Watch a speaker for at least 15 minutes which involves one person speaking to many (i.e., not an...
-
A self-care plan can help you enhance your health and wellbeing, manage your stress, and maintain professionalism as a worker with young people. Learn to identify activities and practices that...
-
QUESTION: A few months ago, the upper management of a large corporation that employs 2,500 people decided to implement major changes in the method their company handles the development of projects....
-
A scenario describing a student or family who would benefit from community involvement that can enhance their well-being and a detailed description of how a teacher's actions are important in this...
-
The transferor's control is determined by comparing stock owned by the transferor with all outstanding stock. When is the transferor's control determined?
-
In Problem discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample. If all payoffs of a matrix game are negative, then the value of the...
-
The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory (d) 500 (e) 300 (b)...
-
Suppose the government outlaws any worker from working more than 20 hours a week (perhaps to spread the work around). What would the effect be on per worker output (assuming the number of persons...
-
Shown here is a list of the 10 industrial sources with the largest air pollutant emissions in a recent year for Canada according to Environment Canada. Construct a pie chart to depict this...
-
Yellowknife Steel manufactures a metal ring for industrial engines that usually has a mass of about 50 g. A random sample of 50 of these metal rings produced the following masses (in grams)....
-
Construct a bar chart from the following data. Category Frequency A 7 B 12 14 D E 5 19
-
Q1: what is the net operating income under the variable and absorption cost system. A: ACER company Product sales: 1,000 units at $10 each Variable manufacturing costs: $5.50 per unit Fixed...
-
Solve for 2 and graph the solution on the number line below. 245x+9 or 5x +9 69
-
Places and people differ. The Japanese tend to be very polite, the Australians characteristically blunt. Red means danger or stop to the British, but in Turkey it signifies death, and in China, good...
Study smarter with the SolutionInn App