Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 20, 2024

The following table represents actual sales for the last 5 periods: (Round all answers to 2 decimal places) Period Forecast Sa les 122 153 146

The following table represents actual sales for the last 5 periods:

(Round all answers to 2 decimal places)

Period Forecast Sa les 122 153 146 143 Use the Naive method to find forecasts and absolute errors. Period Sales 122 153 146 143 b) What is thevalue of Mean Absolute Deviation for this problem? Round your answer to 2 decimal places. c) What is the value of Mean Square Error for this problem? IErrorl

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

Recommended Textbook for

Understanding Analysis

Authors: Stephen Abbott

1st Edition

6610189684, 9786610189687

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Starting with cyclohexane, how could the following compounds be prepared? a. Trans-1,2-dichlorocyclohexane b. 2-cyclohexenol

Answered: 1 week ago

Question

★★★★★

Identify the basic responsibility of each of the following four banking regulators: the Federal Reserve Bank Board, the Office of Thrift Supervision, the Comptroller of the Currency, and the Federal...

Answered: 1 week ago

Question

★★★★★

describe antecedents and consequences of quantitative job demands;

Answered: 1 week ago

Question

★★★★★

Selected transactions for Spring Green Lawn Care Company are listed below. 1. Sold common stock for cash to start business. 2. Paid monthly rent. 3. Purchased equipment on account. 4. Billed...

Answered: 1 week ago

Question

★★★★★

Check My Work Who invoked the philosophical thought of life - as - a - game when he said, "Winning isn't everything; it ' ? the only thing."?

Answered: 1 week ago

Question

★★★★★

You are currently doing research on Annex Corporation (symbol: ANX), a levered firm that appears to be financially distressed. Your goal is to infer the probability that this firm goes into default...

Answered: 1 week ago

Question

★★★★★

Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1, 20X2, in exchange for 4,000 shares of Pamrod's $20 par value common stock. Balance sheet data for...

Answered: 1 week ago

Question

★★★★★

When Grant attends company training, he tends to prefer taking notes and writing down the steps of the task. Grant's preferences during these training sessions best fit within which of the following...

Answered: 1 week ago

Question

★★★★★

The information below is a reproduction from the Alphabetic Index. Which of the following terms is a nonessential modifier that will not affect code assignment? Absence (of) (organ or part) (complete...

Answered: 1 week ago

Question

★★★★★

Financial Accounting: 2.1.5 Journal Entries and the Equation Suppose on January 1, 2014 Cardullo's purchases a new cash register for the shop and pays $800. ACCOUNTS CASH INVENTORY REVENUE ACCOUNTS...

Answered: 1 week ago

Question

★★★★★

The number of tubes of toothpaste purchased by a typical family is a random variable having a Poisson distribution with an average of 1.8 tubes per month. i. What is the probability that a typical...

Answered: 1 week ago

Question

★★★★★

having trouble with this , can someone explain. A. f() is continuous at = = 1 B. f(:) is not continuous at 1 = 1 A. f(x) is continuous at r = 2. because f(1) is undefined. B. f(x) is not continuous...

Answered: 1 week ago

Question

★★★★★

2. Provide new information and before 20 seconds have elapsed, add more infor-mation. The initial information will then be lost from memory for most people.

Answered: 1 week ago

Question

★★★★★

7. What is the extent (percentage) of errors detected in the information collected?

Answered: 1 week ago

Question

★★★★★

8. What are the costs of collecting the information?

Answered: 1 week ago

Previous Question Next Question