Calculate MSE for the 4 periods for which the actual and forecasted number of customers given in the table below: Forecasted Actual Number Period Number of Error of Customers Customers 1 1,975 2,000 2,050 2,025 3 1,925 1,975 4 2,075 2,025 390.63 37.5 6,250 True1,562.5
Calculate MSE for the 4 periods for which the actual and forecasted number of customers given in the table below: Forecasted Actual Number Period Number of Error of Customers Customers 1 1,975 2,000 2,050 2,025 3 1,925 1,975 4 2,075 2,025 390.63 37.5 6,250 True1,562.5
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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![Calculate MSE for the 4 periods for which the actual and forecasted number of customers given in the
table below:
Forecasted
Actual Number
Period
Number of
Error
of Customers
Customers
1
1,975
2,000
2
2,050
2,025
3
1,925
1,975
4
2,075
2,025
390.63
37.5
6,250
True1,562.5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faba1a10a-1592-4d9d-84a1-a9a034aea59f%2Fc3b1f343-e305-470c-8c2a-07ab0a1773ac%2Fqx9403_processed.png&w=3840&q=75)
Transcribed Image Text:Calculate MSE for the 4 periods for which the actual and forecasted number of customers given in the
table below:
Forecasted
Actual Number
Period
Number of
Error
of Customers
Customers
1
1,975
2,000
2
2,050
2,025
3
1,925
1,975
4
2,075
2,025
390.63
37.5
6,250
True1,562.5
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