Given the above forecast and demand information in Question 7, what is the value of Theil's U-statistic?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Demand Forecast Error
1258 1295
1267 1275
1256 1262
1268 1260
1277 1264
1277 1267
1297 1274
-37.00
-6.00
Absolute Squared
Value
Error
-8.33 8.33
7.67
37.00
6.00
7.67
13.33 13.33
10.00 10.00
23.00 23.00
1369.00 0.0294
69.44
36.00
58.78
177.78
Absolute
Percent
Error
100.00
0.0066
0.0048
0.0060
0.0104
0.0078
529.00 0.0177
Transcribed Image Text:Demand Forecast Error 1258 1295 1267 1275 1256 1262 1268 1260 1277 1264 1277 1267 1297 1274 -37.00 -6.00 Absolute Squared Value Error -8.33 8.33 7.67 37.00 6.00 7.67 13.33 13.33 10.00 10.00 23.00 23.00 1369.00 0.0294 69.44 36.00 58.78 177.78 Absolute Percent Error 100.00 0.0066 0.0048 0.0060 0.0104 0.0078 529.00 0.0177
Given the above forecast and demand information in Question 7,
what is the value of Theil's U-statistic?
1.18
O 1.17
0.018
1.08
Transcribed Image Text:Given the above forecast and demand information in Question 7, what is the value of Theil's U-statistic? 1.18 O 1.17 0.018 1.08
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman