Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brooke, Samuel, and Jinshu use three different sales forecasting models. The following table shows their forecast errors. *SAS Code needed* a) Graphthese forecast errors for

Brooke, Samuel, and Jinshu use three different sales forecasting models. The following table shows their forecast errors.

*SAS Code needed*

a) Graphthese forecast errors for each model separately (3 plots) and one integrated plot including 3 forecast errors.

b)Which error pattern appear to be random?

c) Decide whether models Brooke, Samuel, and Jinshu adequately fit the data pattern characterizing sales. Explain your conclusion.

d)Calculate MAD and MSE for Brooke, Samuel, and Jinshu model.

Dataset

Week- Model Brook Forecast Error-Model Samuel

Forecast Error-Model JinshuForecast Error

1 25 15 -20

2 12 6 6

3 7 -10 15

4 5 -3 -10

5 3 12 8

6 0 4 -5

7 -4 -7 7

8 -11 -1 -8

9 -17 9 3

10 -21 7 10

11 -28 -12 -12

12 -34 -5 4

13 -21 17 -7

14 -13 3 9

15 -7 -9 19

16 -2 -3 -7

17 5 13 16

18 9 5 -6

19 15 -10 -9

20 19 -6 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry, Enhanced

Authors: Cynthia Y Young

4th Edition

1119321131, 9781119321132

More Books

Students also viewed these Mathematics questions

Question

Find y'. y= |x + X (x) (x) X 1 02x+ 2x 1 O 2x + 1/3 Ex 2x +

Answered: 1 week ago