The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand are provided below: -Select- Model 2 MAD MAPE RSFE What does the RSFE indicate? Model 1 tends to -Select- forecasts demand. Model 2 tends to -Select- forecasts demand. Which forecast is better? Why? % MONTH SALES 1 155 200 210 195 160 170 145 175 170 175 Compute the MAD, MAPE, and RSFE for the two forecasting methods. Do not round intermediate calculations. Round your answers for the MAD and MAPE to two decimal places and for the RSFE to the nearest whole number. Use a minus sign to enter a negative value, if any. Accuracy measure Model 1 % 3 4 5 6 7 8 9 10 MODEL 1 MODEL 2 FORECASTFORECAST 140 220 205 210 150 160 170 170 155 185 180 215 185 185 135 185 125 190 145 165 is better because it provides a -select- MAD, MAPE, and absolute value of RSFE.
The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand are provided below: -Select- Model 2 MAD MAPE RSFE What does the RSFE indicate? Model 1 tends to -Select- forecasts demand. Model 2 tends to -Select- forecasts demand. Which forecast is better? Why? % MONTH SALES 1 155 200 210 195 160 170 145 175 170 175 Compute the MAD, MAPE, and RSFE for the two forecasting methods. Do not round intermediate calculations. Round your answers for the MAD and MAPE to two decimal places and for the RSFE to the nearest whole number. Use a minus sign to enter a negative value, if any. Accuracy measure Model 1 % 3 4 5 6 7 8 9 10 MODEL 1 MODEL 2 FORECASTFORECAST 140 220 205 210 150 160 170 170 155 185 180 215 185 185 135 185 125 190 145 165 is better because it provides a -select- MAD, MAPE, and absolute value of RSFE.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 22EQ
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Transcribed Image Text:The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand
are provided below:
-Select-
Model 2
MAD
MAPE
RSFE
What does the RSFE indicate?
Model 1 tends to -Select- forecasts demand.
Model 2 tends to -Select- forecasts demand.
Which forecast is better? Why?
%
MONTH SALES
1
155
2
200
3
210
195
160
170
145
175
170
175
Compute the MAD, MAPE, and RSFE for the two forecasting methods. Do not round intermediate calculations. Round your answers
for the MAD and MAPE to two decimal places and for the RSFE to the nearest whole number. Use a minus sign to enter a negative
value, if any.
Accuracy measure Model 1
%
6
7
8
9
10
MODEL 1 MODEL 2
FORECASTFORECAST
140
220
205
210
150
160
170
170
155
185
180
215
185
185
135
185
125
190
145
165
is better because it provides a -Select- MAD, MAPE, and absolute value of RSFE.
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