The MAD for Method 1 = The mean squared error (MSE) for Method 1 = The MAD for M

Question

The MAD for Method 1 =

The mean squared error (MSE) for Method 1 =

The MAD for Method 2 =

The mean squared error (MSE) for Method 2 =

Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of gallons Actual Demand 0.68 0.98 1.07 1.04 Actual Demand 0.68 0.98 1.07 1.04 Forecast Week Method 1 Forecast Method 2 0.82 1.20 0.88 1.11 Week 0.90 1.02 0.95 1.17 4 4

Explanation / Answer

0.020325

0

Method 1 (MSE) week Forecast actual Error Squared error 1 0.9 0.68 -0.22 0.0484 2 1.02 0.98 -0.04 0.0016 3 0.95 1.07 0.12 0.0144 4 1.17 1.04 -0.13 0.0169 Mean squared error

0.020325

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.