Marked down 15% means the new price would be 85% of the original price ( 100%-15% - 85%)
Multiply the original price by 85%:
5250 x 0.85 = 4462.50
The new price is $4,462.50
7 times 4 =28 this is cuz there is seven days in a week and 7x4
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
Of you have 3 squared you get 9 then 2 times -2 is -4. then you add them 9=-4 which would be ...A: 5
