Question: Using the data below, what is the value of MAD? Week Time Series Value Forecast 1 6 3.00 2 5 3.00 3 4 3.00 4
Using the data below, what is the value of MAD?
| Week | Time Series Value | Forecast |
| 1 | 6 | 3.00 |
| 2 | 5 | 3.00 |
| 3 | 4 | 3.00 |
| 4 | 7 | 7.00 |
Submit
Answer format: Number: Round to: 2 decimal places.
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Using the data below, what is the value of the absolute percent error for week 3?
| Week | Time Series Value | Forecast |
| 1 | 7 | 5.00 |
| 2 | 5 | 8.00 |
| 3 | 4 | 6.00 |
| 4 | 3 | 5.00 |
Submit
Answer format: Number: Round to: 2 decimal places.
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Using the data below, what is the simple exponential smoothing forecast for the 3rd week where =0.3?
| Week | Time Series Value |
| 1 | 5.00 |
| 2 | 3.00 |
| 3 | 8.00 |
| 4 | 4.00 |
Submit
Answer format: Number: Round to: 1 decimal places.
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Using the data below, calculate the bias based on using the nave forecast method.
| Week | Time Series Value |
| 1 | 11.00 |
| 2 | 11.00 |
| 3 | 7.00 |
| 4 | 23.00 |
Submit
Answer format: Number: Round to: 1 decimal places.
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