Question: 6. The following table reflects a partial Analytic Solvers Performance measure for a hotel cost during an NFL game night. What is the MAD implying?

6. The following table reflects a partial

6. The following table reflects a partial Analytic Solvers Performance measure for a hotel cost during an NFL game night. What is the MAD implying? Performance Measure RMSE MAD Value 310.12 50.56 A. The predicted mean absolute deviation is 0.51 of the mean absolute percentage error: B. The predicted cost is relatively low, providing the need for full tree. C. The predicted average cost is lesser than the standard error, thus impure. D. The predicted cost on average differs from the actual cost by $50.56

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!