Question: The data below is based on the visitation at a national park please interpret and explain the ME, MAPE and the MAD in reference to

The data below is based on the visitation at a national park please interpret and explain the ME, MAPE and the MAD in reference to park attendance. Please do not give me the definition of ME, MAPE and the MAD. Please explain, if you can what that means to the attendance of this national park.

\begin{tabular}{|r|r|r|r|r|r|r|} \hline Month & Attendance & Forecast & Error & Abs Err & Sq Err & Abs Perc Err \\ \hline Jan-23 & 209,422 & & & & & \\ \hline Feb-23 & 215,554 & 209422 & 6,132 & 209422 & 43857574084 & 97% \\ \hline Mar-23 & 190,522 & 210648 & 20,126 & 210648.4 & 44372748423 & 111% \\ \hline Apr-23 & 206,302 & 206623 & -321 & 206623.12 & 42693113719 & 100% \\ \hline May-23 & 209,422 & 206559 & 2,863 & 206558.896 & 42666577517 & 99% \\ \hline Jun-23 & 205,166 & 207132 & 1,966 & 207131.5168 & 42903465252 & 101% \\ \hline Jul-23 & 204,126 & 206738 & 2,612 & 206738.4134 & 42740771592 & 101% \\ \hline Aug-23 & 202,082 & 206216 & 4,134 & 206215.9308 & 42525010096 & 102% \\ \hline Sep-23 & 206,963 & 205389 & 1,574 & 205389.1446 & 42184700720 & 99% \\ \hline Oct-23 & 206,238 & 205704 & 534 & 205703.9157 & 42314100927 & 100% \\ \hline Nov-23 & 203,791 & 205811 & 2,020 & 205810.7325 & 42358057631 & 101% \\ \hline Dec-23 & 204,390 & 205407 & 1,017 & 205406.786 & 42191947750 & 100% \\ \hline Jan-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline Feb-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline Mar-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline Apr-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline May-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|r|r|} \hline Month & Attendance & Forecast & Error & Abs Err & Sq Err & Abs Perc Err \\ \hline Jan-23 & 209,422 & & & & & \\ \hline Feb-23 & 215,554 & 209422 & 6,132 & 209422 & 43857574084 & 97% \\ \hline Mar-23 & 190,522 & 210648 & 20,126 & 210648.4 & 44372748423 & 111% \\ \hline Apr-23 & 206,302 & 206623 & -321 & 206623.12 & 42693113719 & 100% \\ \hline May-23 & 209,422 & 206559 & 2,863 & 206558.896 & 42666577517 & 99% \\ \hline Jun-23 & 205,166 & 207132 & 1,966 & 207131.5168 & 42903465252 & 101% \\ \hline Jul-23 & 204,126 & 206738 & 2,612 & 206738.4134 & 42740771592 & 101% \\ \hline Aug-23 & 202,082 & 206216 & 4,134 & 206215.9308 & 42525010096 & 102% \\ \hline Sep-23 & 206,963 & 205389 & 1,574 & 205389.1446 & 42184700720 & 99% \\ \hline Oct-23 & 206,238 & 205704 & 534 & 205703.9157 & 42314100927 & 100% \\ \hline Nov-23 & 203,791 & 205811 & 2,020 & 205810.7325 & 42358057631 & 101% \\ \hline Dec-23 & 204,390 & 205407 & 1,017 & 205406.786 & 42191947750 & 100% \\ \hline Jan-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline Feb-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline Mar-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline Apr-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline May-24 & 204,390 & 205203 & -813 & 205203.4288 & 42108447203 & 100% \\ \hline \end{tabular}

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!

The data below is based on the visitation at a national park please interpret and explain the ME, MAPE and the MAD in reference to park attendance \begin{tabular}{|r|r|r|r|r|r|r|} \hline Month &...

The data below is based on the visitation at a national park please interpret and explain the ME, MAPE and the MAD in reference to park attendance

Set Student Name: 1. Describe the relationship between two variables that have a correlation coefficient value: a. Near -1 b. Near 0 c. Near 1 2. Data was collected where a weightlifter was asked to...

Instuctor's Annotated Edition TENTH EDITION Understandable Statistics Concepts and Methods Charles Henry Brase Regis University Corrinne Pellillo Brase Arapahoe Community College Australia Brazil...

Set Student Name: 1. Answer true or false for each part, and if false, explain your answer. a. The point estimate for the population mean, , of an x distribution is x-bar, computed from a random...

Instuctor's Annotated Edition TENTH EDITION Understandable Statistics Concepts and Methods Charles Henry Brase Regis University Corrinne Pellillo Brase Arapahoe Community College Australia Brazil...

Help me create annotated bibliography. Begin the research process by reviewing primary source materials. Your primary source is Season 1 episode 2 of the show Mad Men. Using analytical strategies...

The best definition for nonparametric statistics I can think of is when data does not fit inside the normal parameters of a normal distribution, it calls for the use of this statistical method....

PLEASE HELP WITH EXCEL. PLEASE PROVIDE IMAGES/SCREENSHOTS. You are working in the National Headquarters of the National Parks Department. One of yourjobs this week is to develop a template for...

Case Scenario National Park Services (NPS) is a federal agency of the United States government responsible for managing all U.S. national parks, many American national monuments, and many other...

Discuss some aspect of Blade Runner that stuck out to you: plot, pov, characters, setting, symbolism, tone, themes. A few particular issues of interest might be: Much like "The Ones Who Walk Away...

Alice wants to track how regular she is at exercising. On a single line via Standard Input, you're given her exercise record over several days. A Yindicates that she exercised on that day, and an...

Annuities are financial products that solve a variety of problems. Which of the 3 following problems can an annuity not help to resolve? 6 Maintaining purchasing power of assets. Subjecting earnings...

Browser Session Restore files can include which items? 1 . Originating Source of Page 2 . URL of Webpage 3 . Windows Login Time 4 . Tabs Last Opened 5 . Downloads 6 . Timestamp