Use the forecast errors given here to compute MAD and MSE. Discuss the information yielded by each
Question:
Use the forecast errors given here to compute MAD and MSE. Discuss the information yielded by each type of error measurement.
Period e
1 ..........2.3
2 ..........1.6
3 ..........-1.4
4 ..........1.1
5 ...........3
6 .......... -.9
7 .......... -1.9
8 ..........-2.1
9 ...........7
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
Period e e 2 1 230 230 529 2 160 160 256 3 140 14...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted:
Students also viewed these Statistics questions
-
A modified boxplot is a boxplot that uses symbols to identify outliers. The horizontal line of a modified boxplot extends as far as the minimum data entry that is not an outlier and the maximum data...
-
Describe the movements permitted by each type of synovial joint.
-
Given the data in Table 5.22, compute the forecast error measurements indicated. 83 2. 4. 11 9 5 4 7 508 354 2 18 88599 541. 31 478 3 354 08 25 35 01 01 60 76 06 03 62 555 1 01 2 123456789
-
If the owner of a company takes merchandise for personal use, what account is debited? a. Owners capital b. Owners withdrawals c. Purchases d. Cash
-
In the dynamic programming problem (example 2.32) subject to xt+1 G(xt) t = 0, 1, 2, . . . , x0 X given Assume that ¢ f is bounded, continuous and strictly concave on X Ã X. ¢ G(x)...
-
What is the ruling method of correcting an error?
-
Water flows in a rectangular channel that is \(2.0 \mathrm{~m}\) wide as shown in Fig. P3.124. The upstream depth is \(70 \mathrm{~mm}\). The water surface rises \(40 \mathrm{~mm}\) as it passes over...
-
In a completely randomized design, 12 experimental units were used for the first treatment, 15 for the second treatment, and 20 for the third treatment. Complete the following analysis of variance....
-
what are some the limitations of title VII of the Civil Rights Act- E? what are some of the limitations of equal Pay Act of 1963? what are some of the limitations of age Discrimination in Employment...
-
You are an Investment Banker with the firm of Emerson, Lake and Palmer, LLC and you're working on a leveraged acquisition being considered by your client, Allison Chains, Inc. You've received...
-
The DeBourgh Manufacturing Company was founded in 1909 as a metal-fabricating company in Minnesota by the four Berg brothers. In the 1980s, the company ran into hard times, as did the rest of the...
-
Determine the error for each of the following forecasts. Compute MAD andMSE. Period Vale Forecast Error 202 191 173 169 202 192 181 174 172 174 179 189 198 211 4 175 182 196 204 219 227 10
-
Read FAQ 5.2.2 about randomness and answer the following questions. a. Suppose we get a small p-value in an observational study comparing two proportions with no random assignment. What can we rule...
-
Make a presentation on Professionalism at work points should be covered ( Interaction with foreign visitors ,inter-organizational etiquettes) make at least 1o slides
-
Describe how you can identify learners who experience barriers to reading due to the following undeveloped perceptual skills: Spatial orientation (5) Laterality (5) Directionality (5) 2 Briefly...
-
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm: Q=a+bP+CM+dPR where Q is the quantity demanded of the product Conlan Enterprises sells, P is the...
-
(a) Convert the following C++ code from while-loop to for-loop, such that it gives the same output. [6 Marks] int i; while (true) { cin >> i; if (i == 7) break; cout < < i * i ; += 3; }
-
After watching the video (A short history of Indians in Canada) through the link below. https://vimeo.com/226936046 Write a short paragraph (100 words) about your first impression of the story "A...
-
Marvelous Computers, Inc. currently owes its creditors $120. It is run by an entrepreneur, Mr. Bill Doors, who could manage the firm for one period at a personal cost of $5. Mr. Doors has a unique...
-
3M Company reports the following financial statement amounts in its 10-K report: a. Compute the receivables, inventory, and PPE turnover ratios for both 2018 and 2017. (Receivables turnover and...
-
Which of the macroeconomic schools would likely have written each of the following statements? Statement A: Recent optimism in the investment community leads me to predict an upturn in investment...
-
Listed here are 30 different weekly TSX composite stock averages. Construct a stem-and-leaf plot for these 30 values. Let each leaf contain two digits. 9,656 9,742 9,200 9,976 9,344 9,996 9,301 9,830...
-
It is commonly known that the Canadian-to-U.S. dollar exchange rate affects the number of Canadian travellers to the U.S. and also the number of travellers to Canada from the U.S. The following data...
-
Shipping a 40-foot (12-m) container by boat from Shanghai to Vancouver takes, on average, 16 days. However, due to several possible circumstances, shipping times can vary. Suppose a transportation...
-
Lake Incorporated and the River, Incorporated reported net incomes of $205,000 and $164,000, respectively, for the most recent fiscal year. Both companies had 41,000 shares of common stock issued and...
-
What effect Eventually, BREXIT will make on EU? How it will benefit UK? What will be the possible outcome?
-
Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price Real estate commissions Legal fees Expenses of clearing the land Expenses to...
Study smarter with the SolutionInn App