For the moving-average example in Figure 7.2, compute the three error measures based on the forecasts for
Question:
For the moving-average example in Figure 7.2, compute the three error measures based on the forecasts for periods 5–10.
a. What is the value of MSE?
b. What is the value of MAD?
c. What is the value of MAPE?
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Business Analytics The Art Of Modeling With Spreadsheets
ISBN: 9781119386490
5th Edition
Authors: Stephen G. Powell, Kenneth R. Baker.
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