Define mad, mse and mape for forecasting


MAD, MSE and MAPE for forecasting.

Compute (a) MAD, (b) MSE, and (c) MAPE for the following forecast versus actual sales figures.

Forecast

Actual

100

95

110

108

120

123

130

130 

 

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Basic Statistics: Define mad, mse and mape for forecasting
Reference No:- TGS020707

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