Quantitative Analysis for Management, 13/e

Long description

The data included in the forecasting results table is as follows. It lists a measure in column 1 and data results in column 2:

• Error measure equals blank cell

• Bias open parens mean error closed parens equals zero

• MAD open parens Mean Absolute Division closed parens equals 0.833

• MSE open parens Mean Squared Error closed parens equals 1.146

• Standard Error open parens denom equals n minus 2 equals 4 closed parens equals 1.311

• MAPE open parens Mean Absolute Percent Error equals 0.126

• Regression line equals blank cell

The following two Measure cells contain the regression equation and no data in adjacent column:

• Dependent variable Y equals 2

• Added to 1.25 times X 1

• Statistics equals blank cell

• Correlation coefficient equals 0.833 ...