Question: PA 15-1 (Static) Two servers in a restaurant predict how many guests... Two servers in a restaurant predict how many guests will come for dinner

PA 15-1 (Static) Two servers in a restaurant
PA 15-1 (Static) Two servers in a restaurant predict how many guests... Two servers in a restaurant predict how many guests will come for dinner in the next four days. Each server's predictions, along with the actual number of guests for each day, are shown in the table below, a Complete the table below. What are the MSE and the MAE for the two servers? Indicate negative numbers by a minus sign. Server 1 Squared Error Server 2 Squared Error Forecast Error Forecast Error Absoluto F.E. Absolute F.E Day Server 1 Server 2 Actual Prediction Prediction 23 26 30 2 35 27 22 3 30 28 31 4 28 20 25 Averages: MSE and MAE Server 1 b. Who has the bigger forecast bias

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!