Evaluate real-world situations and present solutions

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Evaluate real-world situations and present solutions using statistical methods.

PC-6.1: Incorporate data, inferences, and reasoning to solve problems.

This Assignment has two parts. Part 1 has questions about forecasting.

Forecasting

Question 1

A marketing manager is forecasting the sales of cars per week.  Determine the error for each of the following forecasts.  Then, calculate MAD and MSE.

Period Value Forecast Error

1 202  -- --

2 191 202

3 173 192

4 169 181

5 171 174

6 175 172

7 182 174

8 196 179

9 204 189

10 219 198

11 227 211

Reference no: EM132153594

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