Question: Using the data shown below, compute the mean square error (MSE), mean absolute deviation (MAD), and mean absolute percentage error (MAPE) for the forecasts shown.
Using the data shown below, compute the mean square error (MSE), mean absolute deviation (MAD), and mean absolute percentage error (MAPE) for the forecasts shown.
| Month | Forecast Demand | Actual Demand |
| April | 170 | 180 |
| May | 225 | 200 |
| June | 210 | 200 |
| July | 260 | 240 |
| August | 200 | 230 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
