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For both barrels and sales, determine the MAD and MAPE for each of your predictions. What are your forecasts for 2013 including the MAD and
For both barrels and sales, determine the MAD and MAPE for each of your predictions. What are your forecasts for 2013 including the MAD and MAPE? What information does the MAD and MAPE tell you?
Year BBLS sss ol 2595 $ 521,050 1 3025 $ 629,866 2 3465 $ 739,153 4031 $ 883,378 4525 $1,011,409 5273 $1,234,628 6268 $1,481,759 7289 $1,754,272 7943 $2,080,795 11681 $3,179,390 10 16026 $4,376,982 11 21258 $5,317,535 12 25771 $6,553,145 Year BBLS sss ol 2595 $ 521,050 1 3025 $ 629,866 2 3465 $ 739,153 4031 $ 883,378 4525 $1,011,409 5273 $1,234,628 6268 $1,481,759 7289 $1,754,272 7943 $2,080,795 11681 $3,179,390 10 16026 $4,376,982 11 21258 $5,317,535 12 25771 $6,553,145Step by Step Solution
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