Using the data shown below, compute the mean square error (MSE), mean absolute deviation (MAD), and mean
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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.
Month | Forecast Demand | Actual Demand |
April | 170 | 180 |
May | 225 | 200 |
June | 210 | 200 |
July | 260 | 240 |
August | 200 | 230 |
Related Book For
Project Management Achieving Competitive Advantage
ISBN: 978-0133798074
4th edition
Authors: Jeffrey K. Pinto
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