Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two methods are used to predict how many customers will call in for help in the next four days. The first method predicts the numbers

Two methods are used to predict how many customers will call in for help in the next four days. The first method predicts the numbers of callers to be 23, 5, 14, and 20 for the four respective days. The second method predicts 20, 13, 14, and 20 for the four respective days. The actual numbers of callers turn out to be 23, 10, 15, and 19.

Which method has the smaller mean absolute error/deviation (MAD)?

1. The first method

2. The second method

3. Both methods have the same mean absolute error/ deviation (MAD)

4. Can not be determined

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

A Survey Of Mathematics With Applications

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

11th Edition

0135740460, 978-0135740460

More Books

Students also viewed these Mathematics questions

Question

What term is used for "electricity at rest"?

Answered: 1 week ago