Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I ran three regression models for different product categories - sales prediction for icecreams, shoes, and cheese. I got the Root Mean Square Error (RMSE)

I ran three regression models for different product categories - sales prediction for icecreams, shoes, and cheese. I got the Root Mean Square Error (RMSE) for model A as 1.93, for model B as 0.99, and for Model C as 12.4. Which is the best model of the three models?

  1. The information is not enough to make the correct interpretation.
  2. Model B
  3. Model C
  4. Model A

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

Essentials of Management

Authors: Andrew J. DuBrin

9th Edition

538478233, 2900538478235, 978-0538478236

More Books

Students also viewed these General Management questions