Question: A company has actual unit demand for three consecutive years of 150, 167, and 162. The respective forecasts for the same three years are
A company has actual unit demand for three consecutive years of 150, 167, and 162. The respective forecasts for the same three years are 141, 137, and 185. What is the resulting MAD, MSE, and MAPE that can be computed from this data? Please keep two decimals. Part a: 5 points Determine the MAD. Part b: 5 points Determine the MSE. Part c: 5 points Determine the MAPE. (Give your answer in percent.) Locally stored answer: Locally stored answer: Locally stored answer:
Step by Step Solution
3.52 Rating (159 Votes )
There are 3 Steps involved in it
Part a Calculate the Mean Absolute Deviation MAD Absolute differences ... View full answer
Get step-by-step solutions from verified subject matter experts
