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Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures: Forecast 100 110 120 130 Actual 95 108 123 130 a) MAD =O (round your response to one decimal place). %3D

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

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Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:
Forecast
100
110
120
130
Actual
95
108
123
130
a) MAD =| (round your response to one decimal place).

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