For the data below, compute the MAD, MSE, and bias: FORECAST SALESACTUAL SALES100105110117120115130139140140

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Answered: For the data below, compute the MAD,…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter6: Target Markets: Segmentation And Evaluation

Section: Chapter Questions

Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?

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FORECAST SALES	ACTUAL SALES
100	105
110	117
120	115
130	139
140	140

For the data below, compute the MAD, MSE, and bias: FORECAST SALES ACTUAL SALES 100 105 110 117 120 115 130 139 140 140