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 ($) 5,901
5,653
5,154
4,877
5,245
5,798
6,919
6,234
5,958

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(A) forecast(F) |A-F| (A-F)^2 |A-F|/A
1 5901
2 5653
3 5154
4 4877 5569.33 692.33 479325.44 0.12
5 5245 5228.00 17.00 289.00 0.00
6 5798 5092.00 706.00 498436.00 0.14
7 6919 5306.67 1612.33 2599618.78 0.30
8 6234 5987.33 246.67 60844.44 0.04
9 5958 6317.00 359.00 128881.00 0.06
average 605.556 627899.111 11.13%

MAD =605.556

MSE = 627899.111

MAPE =11.135%

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