Answer:
(a) MAE = 5.20
(b) MSE = 10
(c) MAPE = 38.60%
(d) Forecast for week 7 = 14
Step-by-step explanation:
Note: See the attached excel for the calculations of the Error, Error^2, and Error %.
(a) mean absolute error
MAE = Total of absolute value of error / Number of observations considered = |Error| / 5 = 26 / 5 = 5.20
(b) mean squared error
MSE = Total of Error^2 / Number of observations considered = Error^2 / 5 = 150 / 5 = 10
(c) mean absolute percentage error (Round your answer to two decimal places.)
MAPE = Total of Error % / Number of observations considered = Error % / 5 = 193.02 / 5 = 38.60%
(d) What is the forecast for week 7?
Since the forecast is based on the naive method (most recent value), the forecast for week 7 is value for week 6. Therefore, we have:
Forecast for week 7 = 14
$1,365 is the answer, (the third choice)
Answer:
42
Step-by-step explanation:
x/3+12 = 26
Multiply everything by 3 to eliminate the fraction
x+36=78
subtract 36 on both sides
x=42
42/3=14
14+12=26
Subtract the sale price from the original price then divide the difference by the original price.
Guitar 1: 160 -100 = 60
60/160 = 0.375 x 100 = 37.5%
Guitar 2: 250 - 150 = 100
100/250 = 0.4 x 100 = 40%
The answer is the second guitar has a greater percent change of approximately 40%
Answer:
28
Step-by-step explanation:
Use Pemdas. Hope this helps. Pls give brainliest.
