Using the sales data in the next table, calculate the mean squared error (MSE). (Hint: The MSE is the average of the squared errors.) Period Sales Forecast 87 88 85 88 88 87 90 87 1 2 3 4
Using the sales data in the next table, calculate the mean squared error (MSE). (Hint: The MSE is the average of the squared errors.) Period Sales Forecast 87 88 85 88 88 87 90 87 1 2 3 4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Give typed explanation of both not a single word hand written otherwise leave it
![Using the sales data in the next table, calculate the mean squared error (MSE).
(Hint: The MSE is the average of the squared errors.)
Period Sales Forecast
87 88
85 88
88 87
90 87
1
2
3
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9077c120-5b3f-4825-86ae-193451a028c6%2F7e4836ff-46f6-4443-ad9a-efc81f64a541%2Fsoxkr3g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the sales data in the next table, calculate the mean squared error (MSE).
(Hint: The MSE is the average of the squared errors.)
Period Sales Forecast
87 88
85 88
88 87
90 87
1
2
3
4
![D
Question 9
Using the sales data in the next table, calculate the mean absolute deviation (MAD).
(Hint: The MAD is the average of the absolute value of the errors.)
Period Sales Forecast
87 88
85 88
88 87
90 87
1
2
3
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9077c120-5b3f-4825-86ae-193451a028c6%2F7e4836ff-46f6-4443-ad9a-efc81f64a541%2Fsgtyzxa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:D
Question 9
Using the sales data in the next table, calculate the mean absolute deviation (MAD).
(Hint: The MAD is the average of the absolute value of the errors.)
Period Sales Forecast
87 88
85 88
88 87
90 87
1
2
3
4
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