Question

In: Statistics and Probability

Actual Value Forecast Value 485 470 625 655 654 656 610 635 685 625 Calculate MAD...

Actual Value

Forecast

Value

485

470

625

655

654

656

610

635

685

625

  1. Calculate MAD
    1. 26.4
    2. 22.3
    3. 132.0
    4. 56.4
  2. Calculate MAPD
    1. 11%
    2. 4%
    3. 6%
    4. 7%

Solutions

Expert Solution

1).the necessary calculation table be:-

Actual Value Forecast
485 470 15
625 655 30
654 656 2
610 635 25
685 625 60
sum=132

n =number of fitted points = 5

(A).

2).the necessary calculation table be:-

Actual Value Forecast
485 470 15 0.03093
625 655 30 0.048
654 656 2 0.00306
610 635 25 0.04098
685 625 60 0.08759
sum=132 sum=0.21056

%

  %

  %

   % [ B]

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