Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

of gallons: table [ [ Week , table [ [ Forecast ] , [ Method 1 ] ] , table [ [

of gallons:
\table[[Week,\table[[Forecast],[Method 1]],\table[[Actual],[Demand]]],[1,0.95,0.68],[2,1.08,1.00],[3,0.95,0.96],[4,1.20,0.97]]
\table[[Week,\table[[Forecast],[Method 2]],\table[[Actual],[Demand]]],[1,0.82,0.68],[2,1.19,1.00],[3,0.88,0.96],[4,1.11,0.97]]
The MAD for Method 1= thousand gallons (round your response to three decimal places).
The mean squared error (MSE) for Method 1=, thousand gallons ?2(round your response to three decimal places).
The MAD for Method 2= thousand gallons (round your response to three decimal places).
The mean squared error (MSE) for Method 2= thousand gallons ?2(round your response to three decimal places).
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

Quantitative Methods For Business

Authors: Donald Waters

5th Edition

273739476, 978-0273739470

More Books

Students also viewed these General Management questions