Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you are given the following data. You have run a three month moving average and found the forecasts, difference, and difference squared between

image text in transcribed

Suppose you are given the following data. You have run a three month moving average and found the forecasts, difference, and difference squared between the demand and forecasts. Note, the forecasts, difference, and difference squared have been rounded to two decimal places in the table. Month June Time 1 Actual Demand Forecast 193 Difference Difference Squared July 12 August 23 96 3 96 September 4 83 95.00 -12.00 144.00 October 5 94 91.67 2.33 5.44 November 6 94 91.00 3.00 9.00 December 7 87 90.33 -3.33 11.11 January 8 97 91.67 5.33 28.44 February 9 86 92.67 -6.67 44.44 March 10 93 90.00 3.00 9.00 April 11 89 92.00 -3.00 9.00 May 12 99 89.33 9.67 93.44 Determine the MSE (mean squared error). 29.49 39.32 353.87 93.44 13

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

Personal Financial Planning

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

13th edition

1111971633, 978-1111971632

More Books

Students also viewed these Finance questions

Question

How should an outlier or extreme outlier in a sample be handled?

Answered: 1 week ago