An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is F; = 124 + 2.1t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your intermediate calculations and final answers to 2 decimal places.) TT Units Sold 11 144 12 146 13 152 14 142 15 152 16 149 17 152 18 154 19 157 20 164 Click here for the Excel Data File MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is F; = 124 + 2.1t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your intermediate calculations and final answers to 2 decimal places.) TT Units Sold 11 144 12 146 13 152 14 142 15 152 16 149 17 152 18 154 19 157 20 164 Click here for the Excel Data File MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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