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A company sells Wielding generators. The demand for periods 1 to 9 is 44, 52, 50, 54, 55, 55, 60, 56, and 62. Develop a regression forecasting equation and forecast sales for period 15 (   c) What is forecasting error? Compute the MAD and MSE using the following data and comment on the accuracy of the forecasting

A company sells Wielding generators. The demand for periods 1 to 9 is 44, 52, 50, 54, 55, 55, 60, 56, and 62. Develop a regression forecasting equation and forecast sales for period 15 (   c) What is forecasting error? Compute the MAD and MSE using the following data and comment on the accuracy of the forecasting

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A company sells Wielding generators. The demand for periods 1 to 9 is 44, 52, 50, 54, 55, 55, 60, 56, and 62. Develop a regression forecasting equation and forecast sales for period 15 (

 

c) What is forecasting error? Compute the MAD and MSE using the following data and comment on the accuracy of the forecasting                                            

 

 

 

Period

 

Actual

 

Forecast

 

1

 

217

 

215

 

2

 

213

 

216

 

3

 

216

 

215

 

4

 

210

 

214

 

5

 

213

 

211

 

6

 

219

 

214

 

7

 

216

 

217

 

8

 

212

 

216

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