Question: Can you explain how to do this question through Excel, or if its simple enough, explain through written math, Thank you! Centerville Bikes and Stuff
Can you explain how to do this question through Excel, or if its simple enough, explain through written math, Thank you!
Centerville Bikes and Stuff CBS sells motorcycles and accessories. The number of helmets sold by CBS per week for the past six weeks follows.
Using the naive method most recent value as the forecast for the next week, compute the following measures of forecast accuracy.
a mean absolute error
MAE
b mean squared error
MSE
c mean absolute percentage error Round your answer to two decimal places.
MAPE
d What is the forecast for week
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