Answer: 10.1
Explanation
Cumulative Forecast Error (CFE) = Sum of Forecast Error (Et) = 15 - 8.5 + 1.2 - 2.3 + 4.7 = 10.1
Question 2 Suppose that you generated a forecast with the some data, and you have the...
Suppose that you generated a forecast with the some data, and you have the following errors: Week (Et) 1 2 16.2 3 -9.6 4 0.7 5 -2.8 6 5.2 7 What is the CFE? (Write your answer using ONE decimal place)
Suppose that you generated a forecast with the some data, and you have the following errors: Week (1) 1 2 3 4 5 6 7 21.7 -15 0.8 -5.6 3.8 What is the CFE (Write your answer using ONE decimal place)
Suppose that you generated a forecast with the some data, and you have the following errors: Week (Et) 1 2 15.1 3 -2.8 4 1.2 5 -3.2 6 3.8 7 What is the MSE? (Write your answer using ONE decimal place)
Question 7 Suppose that you generated a forecast with the some data, and you have the following errors: Week (ET) 1 2 3 4 5 6 7 23.2 -4 0.9 -0.5 4.21 What is the MAD? (Write your answer using ONE decimal place)
Question 5 Suppose that you generated a forecast with the some data, and you have the following errors: Week (ET) 1 2 3 4 5 6 7 17 -17.1 2.21 -2.91 4.2 What is the MSE? (Write your answer using ONE decimal place)
Suppose that you generated a forecast with the some data, and you have the following errors: Week (EU) 1 2 3 4 21.6 -69 1.5 -70 5.4 5 6 7 What is the MSE? (Write your answer using ONE decimal place)
Suppose that you generated a forecast with the some data, and you have the following errors: Week (Et) 1 24.2 -12.8 2.9 2 3 4 5 6 7 4 What is the MAD? (Write your answer using ONE decimal place) You just opened a new bar in Whyte Ave, and you have seen an increase in the demand for your weekend special drink. You want to use the trend-adjusted exponential smoothing to make forecasts for the following week to capitalize...
Suppose that you generated a forecast with the some data, and you have the following errors: Week (Et) 1 2 18.2 3 -9.4 4 0.9 5 -4 6 4.6 7 What is the MSE?
We are using a Moving Average Forecast with n=4 and know that F40 = 53, D10 = 49, and F11 = 52. Find De. Suppose that you generated a forecast with the some data, and you have the following errors: Week 1 2 3 4 5 6 7 21.7 -1.5 0.8 -5.6 3.8 What is the CFE? (Write your answer using ONE decimal place) In the table below there is data for demand of 19 periods. Using the forecasting method...
Problem 15-01 (Algorithmic) Consider the following time series data. Week 1 2 3 4 6 Value 20 14 16 10 18 14 Using the naiïve method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy a. Mean absolute error. Round your answer to one decimal place. b. Mean squared error. Round your answer to one decimal place. c. Mean absolute percent error. Round you answer to two decimal places. d. What is...