Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started