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Year 2 263 238 Year 1 242 235 232 178 184 Month January February March April May June July August September October November December Year
Year 2 263 238 Year 1 242 235 232 178 184 Month January February March April May June July August September October November December Year 3 282 255 265 205 210 160 166 140 145 152 110 130 152 206 247 193 193 149 157 161 122 130 167 230 174 126 148 173 235 For the Vintage Restaurant case part (a), enter the following error terms for a simple linear forecast of year 3 (all 12 months) based on the respective months in years 1 and 2 Blank 1/a) Average (mean) forecast error Blank 2/a) Average (mean) absolute error Blank 3/a) Average (mean) squared error Blank 4/a) Average (mean) absolute percentage error Give each answer using a single decimal Blank #1 AJ Blank # 2 A/ Blank #3 AJ Blank #4 A/ Year 2 263 238 Year 1 242 235 232 178 184 Month January February March April May June July August September October November December Year 3 282 255 265 205 210 160 166 140 145 152 110 130 152 206 247 193 193 149 157 161 122 130 167 230 174 126 148 173 235 For the Vintage Restaurant case part (a), enter the following error terms for a simple linear forecast of year 3 (all 12 months) based on the respective months in years 1 and 2 Blank 1/a) Average (mean) forecast error Blank 2/a) Average (mean) absolute error Blank 3/a) Average (mean) squared error Blank 4/a) Average (mean) absolute percentage error Give each answer using a single decimal Blank #1 AJ Blank # 2 A/ Blank #3 AJ Blank #4 A/
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