If Aț is the actual value of the time series at time t,F; is the forecast value for time t,and n is the number of forecast values,the formula used to calculate the mean square of errors is, A)MSE = È (4 - F,} E (4 -F,Y B)MSE = 1-1 È (4 - F,Y C)MSE = 1-1 E (4 +F,Y D)MSE 2-1

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 24PFA
icon
Related questions
icon
Concept explainers
Topic Video
Question

KINDLY EXPLAIN THE ANSWER TY. 

 

Q12 If At is the actual value of the time series at time t,F; is the forecast value for time t,and n is the number of
forecast values,the formula used to calculate the mean square of errors is
A)MSE =
E (4 - F,
1-1
E (4 - F,}
B)MSE =
t-1
E (4 - F,}
C)MSE =
1-1
D)MSE = 2 (4 +F}
1-1
Transcribed Image Text:Q12 If At is the actual value of the time series at time t,F; is the forecast value for time t,and n is the number of forecast values,the formula used to calculate the mean square of errors is A)MSE = E (4 - F, 1-1 E (4 - F,} B)MSE = t-1 E (4 - F,} C)MSE = 1-1 D)MSE = 2 (4 +F} 1-1
Q11
Given: At = the actual value of the time series at time t,F; = the forecast value for time t,and n = the number
of forecast values.Identify the formula used to calculate the mean absolute deviation.
A)MAD =
1-1
B)MAD
%3D
1-1
C)MAD =
1-1
D)MAD =
1-1
Transcribed Image Text:Q11 Given: At = the actual value of the time series at time t,F; = the forecast value for time t,and n = the number of forecast values.Identify the formula used to calculate the mean absolute deviation. A)MAD = 1-1 B)MAD %3D 1-1 C)MAD = 1-1 D)MAD = 1-1
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Angles, Arcs, and Chords and Tangents
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,