Question: TABLE #2. Week (t) Time Series Value (Yt) Forecast Error Absolute Deviation Error Square Abs. % error 1 17 2 21 3 19 4 23
TABLE #2.
| Week (t) | Time Series Value (Yt) | Forecast | Error | Absolute Deviation | Error Square | Abs. % error |
| 1 | 17 | |||||
| 2 | 21 | |||||
| 3 | 19 | |||||
| 4 | 23 | |||||
| 5 | 18 | |||||
| 6 | 16 | |||||
| 7 | 20 | |||||
| 8 | 18 | |||||
| 9 | 22 | |||||
| 10 | 20 | |||||
| 11 | 15 | |||||
| 12 | 22 |
a. Use table #2 above to calculate the Mean Square Error calculation for the exponential smoothing forecast of gasoline sales with smoothing constant .2
NOTE: Show your answers on the table.
b. Based on the table you constructed above, calculate the Mean Absolute Deviation (MAD)
c. Based on the table you constructed above, calculate the Mean Square Error (MSE)
d. Based on the table you constructed above, calculate the Mean Absolute Percent Error (MAPE).
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