Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures: Forecast 99 109 119 129 Actual 94 105 123 129
Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures: Forecast 99 109 119 129 Actual 94 105 123 129
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:
Forecast
|
99
|
109
|
119
|
129
|
Actual
|
94
|
105
|
123
|
129
|
a)
MAD=nothing
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