Question: Actual Demand 0.70 Week 1 2 3 4 Forecast Method 1 0.90 1.05 0.95 1.20 1.00 Week 1 2 3 4 Forecast Method 2 0.80

Actual Demand 0.70 Week 1 2 3 4 Forecast Method 1
Actual Demand 0.70 Week 1 2 3 4 Forecast Method 1 0.90 1.05 0.95 1.20 1.00 Week 1 2 3 4 Forecast Method 2 0.80 1.20 0.90 1.11 Actual Demand 0.70 1.00 1.00 1.00 1.00 1.00 The MAD for Method 1 = 0.125 thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1 = thousand gallons (round your response to the decimal places)

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!