ANSWER
EXPLANATION
The required equation passes through:
(4,3) and is perpendicular to x+y=4.
Rewrite the given equation in slope-intercept form:
The slope of this line is -1.
The slope of the required line is perpendicular to this line, so we find the negative reciprocal of this slope.
The equation of the line can be found using:
We substitute the slope and point to obtain:
We simplify to get:
The required equation is
Mean = (14 + 16 + 7 + 9 + 11 + 13 + 8 + 10) ÷ 8 = 11
Variance =
[ (14-11)²+(16-11)²+(7-11)²+(9-11)²+(11-11)²+(13-11)²+(8-11)²+(10-11)² ]/7 = 9.71
Answer: 9.71
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
Add 11.7 and 2. The answer is 13.7 (quarts).