Suppose you are given the following data. You have run a three month moving average and found the forecasts, difference, and difference squared between the demand and forecasts. Note, the forecasts, difference, and difference squared have been rounded to two decimal places in the table. Month June 1 July 2 August 3 September 4 October 5 November 6 December 7 8 9 10 11 12 January February March April May O93.44 353.87 Time Determine the MSE (mean square error). 39.32 29.49 Actual Demand 93 96 96 83 94 94 87 97 86 93 89 99 Forecast 95.00 91.67 91.00 90.33 91.67 92.67 90.00 92.00 89.33 Difference Difference Squared -12.00 2.33 3.00 -3.33 5.33 -6.67 3.00 -3.00 9.67 144.00 5.44 9.00 11.11 28.44 44.44 9.00 9.00 93.44

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
Suppose you are given the following data. You have run a three month moving average and
found the forecasts, difference, and difference squared between the demand and forecasts.
Note, the forecasts, difference, and difference squared have been rounded to two decimal
places in the table.
Month
June
1
July
2
August
3
September 4
October
5
93.44
353.87
Time
November 6
December 7
January
8
February 9
March
10
April
May
Determine the MSE (mean square error).
39.32
29.49
Actual
Demand
11
12
93
96
96
83
94
94
87
97
86
93
89
99
Forecast Difference
95.00
91.67
91.00
90.33
91.67
92.67
90.00
92.00
89.33
-12.00
2.33
3.00
-3.33
5.33
-6.67
3.00
-3.00
9.67
Difference Squared
144.00
5.44
19.00
11.11
28.44
44.44
9.00
9.00
93.44
Transcribed Image Text:Suppose you are given the following data. You have run a three month moving average and found the forecasts, difference, and difference squared between the demand and forecasts. Note, the forecasts, difference, and difference squared have been rounded to two decimal places in the table. Month June 1 July 2 August 3 September 4 October 5 93.44 353.87 Time November 6 December 7 January 8 February 9 March 10 April May Determine the MSE (mean square error). 39.32 29.49 Actual Demand 11 12 93 96 96 83 94 94 87 97 86 93 89 99 Forecast Difference 95.00 91.67 91.00 90.33 91.67 92.67 90.00 92.00 89.33 -12.00 2.33 3.00 -3.33 5.33 -6.67 3.00 -3.00 9.67 Difference Squared 144.00 5.44 19.00 11.11 28.44 44.44 9.00 9.00 93.44
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
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