5. Based on the below given data, compute the measures of forecast accuracy as reqi MONTH TIME SERIES VALUE FOREC January 20 February 30 25 March 25 35 April 35 30

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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5. Based on the below given data, compute the measures of forecast accuracy as required:
MONTH
TIME SERIES VALUE
FORECAST
January
20
February
30
25
March
25
35
April
35
30
May
40
40
June
30
45
REQUIRED:
a. Compute for the Mean or Average of the Forecast Errors|
b. Compute for the Mean Absolute Error
c. Compute for the Mean Squared Error
d. Compute for the Mean Absolute Percentage Error
Transcribed Image Text:5. Based on the below given data, compute the measures of forecast accuracy as required: MONTH TIME SERIES VALUE FORECAST January 20 February 30 25 March 25 35 April 35 30 May 40 40 June 30 45 REQUIRED: a. Compute for the Mean or Average of the Forecast Errors| b. Compute for the Mean Absolute Error c. Compute for the Mean Squared Error d. Compute for the Mean Absolute Percentage Error
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