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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

  1. 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:

  1. Compute the MSE (Mean Square Error) when = 0.50. Provide justification for your answer of MSE good or bad?
  2. Calculate the MAPE (Mean Absolute Error) when = 0.50.

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