Question: Given forecast errors of 5 0 , 3 0 , - 6 0 , and - 2 0 , what is the mean absolute deviation

Given forecast errors of 50,30,-60, and -20, what is the mean absolute deviation and the mean square error?
Given forecast errors of 50,30,-60, and -20, what is the mean

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!

Q:

3. A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 88 percent of capacity, actual usage was 89.6 percent of capacity. A...

Q:

3 Given the following information, the efficiency is: Effective capacity = 80 units per day Design capacity = 100 units per day Actual output = 72 units per day n Select one: O a. 64% O b. 50% Oc....

Q:

The Given forecast errors of 5, 0, 4 and 3, what is the mean absolute deviation : A. 4 B. 3 C. 2.5 D. 2 E. 1

Q:

Given forecast errors of 5, 0, -4, and 3, what is the mean absolute deviation? 2 3 4 2.5

Q:

Given forecast errors of 5, 0, -4, and 3, what is the mean absolute deviation (MAD)? Multiple Choice a. 4 b. 2 c. 2.5 d. 1 e. 3

Q:

Answer using Excel a. Given an actual latest demand of 105, a previous forecast of 97, and a = 0.4, what would be the forecast for the next period using the exponential smoothing method? b. Given...

Q:

Given forecast errors of -1, 2, 6, and -3, what is the mean absolute deviation? 2 3 4 8 16 Which of the following statements regarding CPM is true? The critical path is the shortest of all paths...

Q:

Given forecast errors of 5, 0, 4, and 3, what is the mean square error? Question 20 options: 3 4 12 12.5 50

Q:

Data collected from a single entities across a given period called: A. Cross-sectional data B. Time series data C. Categorical and quantitative data D. Random data E. None of the choices 2. Which of...

Q:

1) Given forecast errors of -5, 4, 7, and -2, what is the mean squared error? A. 16 B. 14.3 C. 22.5 D. 23.5 E. 15.5 2. Given forecast errors of -5, 4, 7, and -2, what is the mean absolute deviation?...

Q:

What is the amortization expense on the Patent and the Copyright combined in 2019? How much is the total expense related to the franchise and computer software combined, in 2019? What is the total...

Q:

The last two years of financial statements for Carver Industries are as follows: Carver Industries Balance Sheets for December 31, 2012 and 2013 Carver Industries Income Statements Years Ending...

Q:

LIFETIME BRANDS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS ( in thousands ) 3 1 - Dec OPERATING ACTIVITIES 2 0 1 3 2 0 1 2 2 0 1 1 Net income $ 9 , 2 8 1 $ 2 0 , 9 4 7 $ 1 4 , 0 6 6 Adjustments to...

Q:

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...