Mad-mse and mape for forecasting

Assignment Help Basic Statistics
Reference no: EM1319996

Calculate (a) MAD, (b) MSE, and (c) MAPE for the following forecast versus actual sales figures.

Forecast

Actual

100

95

110

108

120

123

130

130 

Reference no: EM1319996

Questions Cloud

Forecasted value using exponential smoothing method : Use simple exponential smoothing with α = 0.33 to forecast battery sales for February through May. Assume that the forecast for January was for 22 set of tires.
Find the best investment using maximax and maximin : Find the best investment  using the following decision criteria.
Evaluating the marketing strategy : In view of the anticipated growth of the over-50 market, a leading cosmetics company is re-evaluating the marketing strategy for its best-selling moisturizing face cream for women.
What is the largest displacement : A shopper pushes a cart 39 m south down one aisle and then turns 90.0° west and moves 27 m. He then makes another 90.0° turn and moves 14 m.
Mad-mse and mape for forecasting : Calculate (a) MAD, (b) MSE, and (c) MAPE for the following forecast versus actual sales figures.
Efficiency of target supply chain : Include an assessment of the efficiency of Target's supply chain and whether the Supply Chain supports its Demand Chain.
Find out the average net force exerted on the performer : A chair of weight 130 lies atop a horizontal floor; the floor is not frictionless. You push on the chair with a force of = 45.0 fixed at an angle of 39.0below the horizontal and the chair slides along the floor.
Forecast using trend line-mad and mse : Use the sales data given below determine: a) The least square trend line.
What is the x component of resultant force : The truck slows down uniformly with an acceleration of 5.60 m/s2 for 4.20 s, making skid marks 62.40 m long that end at the tree. With what speed does truck then strike the tree.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Poisson distribution-plausible model

Assuming that the Poisson distribution is a plausible model in describing variability of asbestos fiber counts in filters; derive a 95% confidence interval indicating the variability in the average number in asbestos fibers.

  Estimating the probability with the given data

A certain airplane has 2 independent alternators to provide electrical power. The probability that a given alternator will fail on a 1 hour flight is 0.02. What is the probability that (a) both will fail? (b) Neither will fail? (c) One or the othe..

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Reason for choosing the test statistic

With the test statistic you chose, work out the problem with solution using .05 level of significance if it applies.

  What should the average weight be if the production manager

The weight of a product is normally distributed with a standard deviation of .5 ounces. What should the average weight be if the production manager wants no more than 5 percent of the products to weight more than 5.10 ounces.

  Assumption that readership is uniformly distributed

Perform the chi-square test for a uniform distribution. At  α  =  . 01, does this sample contradict the assumption that readership is uniformly distributed?

  To test the claim using chi-square test for goodness of fit

Conduct a statistical test to determine if the sample is representative of the population.

  Computing value of correlation coefficient between variables

Determine the value of correlation coefficient between these 2 variables?

  Illustrate what was the lowest score earned on the exam

Illustrate what was the lowest score earned on the exam. Explain how many students scored within 3 standard deviations of the mean.

  Probability based on normal distribution and empirical rule

Assuming we can verify that the data set is approximately normally distributed, what percentage of times will the server be down less than 24 minutes?

  Evaluate the sum of the ranks for neighborhood

Real estate agents always say "location, location, location" is the most important thing in buying a house. We want to know if the sales prices of homes in two neighborhoods are similar. A random sample is taken from each neighborhood. The prices ..

  Fundamental difference in the findings

Create a hypothesis and perform a series of tests to determine if there is any fundamental difference in the findings.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd