An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Fe=122 +1.9t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your intermediate calculations and final answers to 2 decimal places.) t 11 12 13 14 15 16 17 18 19 20 Units Sold 143 149 152 145 155 152 154 159 159 162 Click here for the Excel Data File MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Fe=122 +1.9t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your intermediate calculations and final answers to 2 decimal places.) t 11 12 13 14 15 16 17 18 19 20 Units Sold 143 149 152 145 155 152 154 159 159 162 Click here for the Excel Data File MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.CR: Chapter 1 Review
Problem 86CR
Related questions
Question
Transcribed Image Text:An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend
equation and the naive approach. The linear trend equation is F+ = 122 +1.9t, and it was developed using data from
periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has
the greater accuracy if MAD and MSE are used? (Round your intermediate calculations and final answers to 2
decimal places.)
t
11
12
13
14
15
16
17
18
19
20
Units
Sold
143
149
152
145
155
152
154
159
159
162
Click here for the Excel Data File
MAD (Naive)
MAD (Linear)
MSE (Naive)
MSE (Linear))
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 13 images
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning