Which methods has greater accuracy if mad and mse are used, Operation Management

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Which methods has greater accuracy if mad and mse are used

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 125 + 2.0t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your answers to 2 decimal places.)

t Units Sold
11 148
12 150
13 149
14 146
15 156
16 148
17 156
18 154
19 159
20 163

MAD (Naive)
MAD (Linear)
MSE (Naive)
MSE (Linear)

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Operation Management: Which methods has greater accuracy if mad and mse are used

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Operation Management: Which methods has greater accuracy if mad and mse are used

Reference No:- TGS076920

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Recent Questions Asked Operation Management

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Operation Management: Which methods has greater accuracy if mad and mse are used

Reference No:- TGS076920

Recent Questions Asked Operation Management

Q : Risk redefine determinant attributes

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Q : Define customer satisfaction and customer loyalty

Q : Which methods has greater accuracy if mad and mse are used

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