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The actual demand for the guest at Hilton Vancouver Airport for the first six weeks of the year 2019 follows: Week Actual No. of Guests
- The actual demand for the guest at Hilton Vancouver Airport for the first six weeks of the year 2019 follows:
Week | Actual No. of Guests |
1 | 65 |
2 | 62 |
3 | 70 |
4 | 48 |
5 | 63 |
6 | 52 |
7 | ? |
General Manager Steve Rotor wants you to forecast guest demand at the hotel for week 7by using this data.
Now from the above table:
- Compute the MSE (Mean Square Error) when = 0.50. Provide justification for your answer of MSE good or bad?
- Calculate the MAPE (Mean Absolute Error) when = 0.50.
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