The following table and plot show a variable "y" and the results of a model built to forecast its behavior. O O b. OC. Calculate the models MAE, MSE and MAPE Od. Actual Oe. 29 43 2.5 5,8 4.6 MAE 0.083 MAE 1.150 MAE 1.886 MAE 1.150 4 MAE 1.271 MSE 1.445 MSE 1.445 MSE 6.909 MSE 1.445 MSE 1.810 MAPE 0.019 MAPE 0.321 MAPE 0.321 MAPE 0.431 Time Step MAPE 0.418 ActualForecast
The following table and plot show a variable "y" and the results of a model built to forecast its behavior. O O b. OC. Calculate the models MAE, MSE and MAPE Od. Actual Oe. 29 43 2.5 5,8 4.6 MAE 0.083 MAE 1.150 MAE 1.886 MAE 1.150 4 MAE 1.271 MSE 1.445 MSE 1.445 MSE 6.909 MSE 1.445 MSE 1.810 MAPE 0.019 MAPE 0.321 MAPE 0.321 MAPE 0.431 Time Step MAPE 0.418 ActualForecast
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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Transcribed Image Text:The following table and plot show a variable "y" and the results of
a model built to forecast its behavior.
O a.
O b.
OC.
Od.
Actual
@
20
2.7
1129
43
3.5
5,8
4.6
Forecast
MAE
0.083
Calculate the models MAE, MSE and MAPE
MAE
1.150
MAE
1.886
1.1
3.9
MAE
1.150
4
MAE
1.271
3.6
4.8
4.7
6.0
6.3
90
MSE
1.445
MSE
1.445
MSE
6.909
MSE
1.445
MSE
1.810
MAPE
0.019
MAPE
0.321
MAPE
0.321
MAPE
0.431
#
MAPE
0.418
Time Step
Actual Forecast
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