Question

Consider the following data: Monthly Profit of a Gym Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12...

Consider the following data:

Monthly Profit of a Gym
Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12
Profit ($) 5,700 5,453 5,034 4,717 5,185 5,638 6,519 6,182 5,913

Step 2 of 5 :  

What are the MAD, MSE and MAPE scores for the three-period moving average? Round any intermediate calculations, if necessary, to no less than six decimal places, and round your final answer to one decimal place.

Homework Answers

Answer #1
Month Profit ($) forecast error error^2 error/actual
43842 5700
43873 5453
43902 5034
43933 4717 5395.67 678.67 460588.44 0.14
43963 5185 5068.00 117.00 13689.00 0.02
43994 5638 4978.67 659.33 434720.44 0.12
44024 6519 5180.00 1339.00 1792921.00 0.21
44055 6182 5780.67 401.33 161068.44 0.06
44086 5913 6113.00 200.00 40000.00 0.03
average 565.9 483831.2 9.8%

from above MAD =565.9

MSE =483831.2

MAPE =9.8 %

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