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Question 29 (1 point) The Absolute error for period 3 when Naive forecast method is used:(Please round to 2 decimal places fo
5 6 7 15 12 Your Answer: Answer Question 30 (1 point) Saved The Expected Value under perfect information, means 1) You know t
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Answer #1


PERIOD

ACTUAL

FORECAST

DEVIATIONS(DEMAND - FORECAST)

ABS(DEVIATION)

1

5.1

2

10.5

5.1

5.4

5.4

3

3.8

10.5

-6.7

6.7

4

10

3.8

6.2

6.2

5

15

10

5

5

6

12

15

-3

3

SIGMA

6.9

26.3


1. ABSOLUTE ERROR FOR PERIOD 3 = 3.8 - 10.5 = -6.7 = 6.7

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