Question
A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is: Month: July
A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is:
Month:
July (Actual 5) Forecast(Blank) Error (Blank)
Aug (Actual 11) Forecast 5 Error 6.00
Sept (Actual 13) Forecast 8.11 Error 4.89
Oct Actual 6 Forecast 8.66 Error -2.66
Nov Actual 5 Forecast 7.862 Error -2.86
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
