Asked by Imani-Jean Johnson on May 01, 2024
Verified
Using the given data,determine the value of the mean square error.
A) 7.25
B) 9.36
C) 54.13
D) 21.10
Mean Square Error
A measure of the average of the squares of the errors—that is, the average squared difference between the estimated values and the actual value.
Sales Details
Specific information regarding the transactions, quantities, prices, and conditions under which sales activities occur.
Value of K
Often refers to a constant in various contexts, such as a specific parameter value in a mathematical formula or algorithm.
- Ascertain and calculate several metrics for evaluating forecasting precision, including root mean square error, mean absolute deviation, and mean absolute percentage error.
Verified Answer
Learning Objectives
- Ascertain and calculate several metrics for evaluating forecasting precision, including root mean square error, mean absolute deviation, and mean absolute percentage error.
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