Question
Pat and Alex were taking Operations Management together and decided to have a bet on who could forecast the mean score on the three exams
Pat and Alex were taking Operations Management together and decided to have a bet on who could forecast the mean score on the three exams for the course. The table below shows the actual mean score for the test as well as their forecasts.
| Actual Mean | Pat's Forecast | Alex's Forecast | |
|---|---|---|---|
| Test 1 | 85 | 81 | 80 |
| Test 2 | 84 | 78 | 75 |
| Test 3 | 75 | 75 | 86 |
Who has the greater forecast bias?
What were the MSE and MAE for Pat and Alex?
Note: Round your answer to 2 decimal places.
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Data Management Solutions Using SAS Hash Table Operations A Business Intelligence Case Study
Authors: Paul Dorfman
1st Edition
1629601438, 9781629601434
