Business, 13.12.2019 05:31, tai1611

Consider the following time series data.
week 1 2 3 4 5 6
value 20 14 16 10 17 13
using the naïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy.
a. mean absolute error. if required, round your answer to one decimal place.

b. mean squared error. if required, round your answer to one decimal place.

c. mean absolute percentage error. if required, round your intermediate calculations and final answer to two decimal places.

%
d. what is the forecast for week 7? if required, round your answer to two decimal place.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:00, Moocow17

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Answers: 2

continue

Business, 22.06.2019 10:30, foreignlove1039

When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?

Answers: 2

continue

Business, 22.06.2019 20:10, alen919

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

Answers: 1

continue

Business, 22.06.2019 23:40, kyleryoung0602

Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%

Answers: 1

continue

Do you know the correct answer?

Consider the following time series data.
week 1 2 3 4 5 6
value 20 14 16 10 17 13
...