Question
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft= 127 + 2.1t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used?(Round your intermediate calculations and final answers to 2 decimal places.)
T Units Sold
11 145
12 150
13 148
14 143
15 154
16 149
17 152
18 156
19 158
20 164
Find
MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)70.11
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