FORECASTS WEEK МЕТHOD 1 МЕТHOD 2 ACTUAL DEMAND 1 0.90 0.80 0.70 2 1.05 1.20 1.00 3 0.95 0.90 1.00 1.20 1.11 1.00 4)
FORECASTS WEEK МЕТHOD 1 МЕТHOD 2 ACTUAL DEMAND 1 0.90 0.80 0.70 2 1.05 1.20 1.00 3 0.95 0.90 1.00 1.20 1.11 1.00 4)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Question
Following are two weekly
different methods for the number of gallons of gasoline, in
thousands, demanded at a local gasoline station. Also shown
are actual demand levels, in thousands of gallons.
What are the MAD and MSE for each method?
Transcribed Image Text:FORECASTS
WEEK
МЕТHOD 1
МЕТHOD 2
ACTUAL DEMAND
1
0.90
0.80
0.70
2
1.05
1.20
1.00
3
0.95
0.90
1.00
1.20
1.11
1.00
4)
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