Question: Need assistance with solving the problem. A marketing manager is forecasting the sales of cars per week. Determine the error for each of the following
Need assistance with solving the problem.
A marketing manager is forecasting the sales of cars per week. Determine the error for each of the following forecasts. Then, calculate MAD and MSE.
Period Value Forecast Error
1 202
2 191 202
3 173 192
4 169 181
5 171 174
6 175 172
7 182 174
8 196 179
9 204 189
10 219 198
11 227 211
Answers
MAD =
MSE =
Show all your work for the questions below.
a. Show the errors you calculated to the above question:
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