Question: 5). Example Question 5 10 pts An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table

5).

5). Example Question 5 10 pts An Apple Store in Example

5). Example Question 5 10 pts An Apple Store in

Question 5 10 pts An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past few months. Month Jan Feb March April May Actual sales 20 34 25 34 32 Forecasted sales 19 33 33 36 29 Please calculate the MSE value of the forecasting method. keep two decimals if not exact, either round up or down is ok. For example, for 0.1346, (0.13 or .13) and (0.14 or .14) are correct. Expert Answer Anonymous answered this 4,706 answers Was this answer helpful? B1 o Answer: MSE value of the forecasting method= 35.25 Explanation: MSE is calculated using the formula MSE = ? n-1 We can calculate the values as below. Month e2 actual sales Forecasted sales Error(e)=Actual- forecast Jan 20 15 5 25 Feb 29 20 9 81 Mar 25 20 5 25 Apr 35 36 -1 1 May 32 29 3 9 Here n=5 as there are values for five months. MSE= (25+81+25+1+9)/(5-1) = 141/4 = 35.25 Comment >

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Example Question 4 10 pts An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past...

Question 4 10 pts An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past few...

Question 5 10 pts An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past few...

Question 8 12.5 pts An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past few...

An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past few months. Jan Feb March...

TIA. Question 5 10 An Apple Store in Northridge uses the exponential smoothing method to forecast its revenue per month. The following table shows their actual sales and forecasts in the past few...

Elizabeth, a widow since 2000, made taxable gifts of $3 million in 2011 and $4 million in 2015. She paid no gift tax on the 2011 transfer. What is her tax base for determining any gift tax on the...

For a long-term high-yield coupon bond, do you think that the total return from holding a bond to maturity will be closer to the yield to maturity or the reinvestment rate?

Ingrid wants to sell preferred stocks on the NYSE Her expected dividend is 550 and the required rate of retum on the stock is 12 At what price should Ingrid sell her preferred stock

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...