Using the given table compute for Mean Absolute Deviation (MAD). Using the given table compute for Mean Square Error (MSE). Using the given table compute for MAPD/MAPE.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Using the given table compute for Mean Absolute Deviation (MAD). Using the given table compute for Mean Square Error (MSE). Using the given table compute for MAPD/MAPE.
Actual Forecast
Period
(A)
(F)
1
107
110
125
121
3
115
112
4
118
120
108
109
2.
5.
Transcribed Image Text:Actual Forecast Period (A) (F) 1 107 110 125 121 3 115 112 4 118 120 108 109 2. 5.
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