Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John rents a tractor to contractors and walk - in customers. He has prepared a forecast for weeks 4 through 6 . The actual demands

John rents a tractor to contractors and walk-in customers. He has prepared a forecast for weeks 4 through 6. The actual demands of the tractor and the forecasts made for each of the last 3 weeks are shown in the table below. Round to four decimal places. [Note: Forecast error [(|)/(D|))/(n}
Week Demand Forecast
\table[[4,24,33],[5,21,20],[6,18,21]]
What is the absolute forecast error for week 4?
What is the value of MAD and MSE?
What is the squared error for week five?What is the absolute percent error four week six?
image text in transcribed

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

The Power Of Laws

Authors: Terence K Moloisane

1st Edition

B08Z7HTFTJ, B0CP2YDQDK

More Books

Students also viewed these General Management questions