Question: Use the following problem statement to answer questions 1 - 6 . John rents a tractor to contractors and walk - in customers. He has

Use the following problem statement to answer questions 1-6.
John rents a tractor to contractors and walk-in customers. He has prepared a forecast for weeks 4 through 6. The actual demands of the tractor and the forecasts made for each of the last 3 weeks are shown in the table below. Round to four decimal places. [Note: Forecast error = Et = Dt Ft. MAD =(|Et|)/n. MSE =((Et)^2)/n. MAPE =[(|Et|/Dt)(100)]/n]
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Week Demand Forecast
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41927
52422
62314
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What is the absolute forecast error for week 4?
Group of answer choices
8.0000
12.0000
5.0000
Flag question: Question 2
Question 27 pts
What is the value of MSE?
Group of answer choices
21.6667
49.6667
Flag question: Question 3
Question 37 pts
What is the value of MAPE?
Group of answer choices
29.8563
3.8169
Flag question: Question 4
Question 47 pts
What is the absolute percent error for week 6?
Group of answer choices
39.1304
6.0000
Flag question: Question 5
Question 57 pts
What is the squared error for week 5?
Group of answer choices
4.0000
9.0000
Flag question: Question 6
Question 67 pts
What is the value of MAD?
Group of answer choices
6.1087
6.3333

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