Question
For each of the forecasts and demand below, calculate the Mean Absolute Deviation, Mean Squared Error and Mean Absolute Percent Error. Use the ABS formula
For each of the forecasts and demand below, calculate the Mean Absolute Deviation, Mean Squared Error and Mean Absolute Percent Error. Use the ABS formula for Absolute Value. NOTE: Use formulas for each calculation. Round each answer to one decimal place.
| MAD | MSE | MAPE | ||||
| Week | Demand | Forecast | Error (e) | Abs e | e^2 | Abs e/A |
| 1 | 1350 | 1300 | ||||
| 2 | 1220 | 1300 | ||||
| 3 | 1190 | 1200 | ||||
| 4 | 1265 | 1200 | ||||
| 5 | 1320 | 1300 | ||||
| 6 | 1204 | 1300 | ||||
| MAD | ||||||
| MSE | ||||||
| MAPE |
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Changing Resource Problems Of The World
Authors: Ronald G Ridker
1st Edition
131735494X, 9781317354949
