Question: An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation isFt= 124 + 2t, and it was developed using data from periods 1 through 10.

tUnits Sold

11 147

12 148

13 151

14 145

15 155

16 152

17 155

18 157

19 160

20 165

Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used?(Round your answers to 2 decimal places.)

MAD (Naive)MAD (Linear)MSE (Naive)MSE (Linear)

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 Law Questions!