Question

Statistics Discussion: The accuracy of a forecasting technique is evaluated especially using the MSE (mean squared...

Statistics Discussion:

The accuracy of a forecasting technique is evaluated especially using the MSE (mean squared error) and the MAPE ( mean absolute percentage errors ) . when explaining MAPE, What is the utility of this parameter? How does it help us to decide if a forecasting model provides some accurate results?

Thanks.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The table below shows the results of two methods (Forecast 1 and Forecast 2) of forecasting...
The table below shows the results of two methods (Forecast 1 and Forecast 2) of forecasting for frozen prepared dinners, as well as the demand for the five periods.          PREDICTED DEMAND Period Demand F1 F2 1 68 67 65 2 75 72 64 3 70 72 70 4 74 67 70 5 69 75 74 6 72 67 79 7 80 74 77 8 78 73 81          a. Compare the accuracy of Forecast 1 and Forecast 2 by...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT