In: Statistics and Probability
Suppose the following table shows the forecast for the number of people (in thousands) who have two or more jobs in the United States.
Date Jobs Forecast
May 2013 6,798 6,158
June 2013 6,346 6,529
July 2013 6,843 6,701
August 2013 6,651 6,779
Calculate the RMSE (root mean squared error). Take all calculations and the final answer to three decimal places.