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Question
A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is ___________.| Month | Actual | Forecast | Error |
| July | 5 | ||
| Aug | 11 | 5 | 6.00 |
| Sept | 13 | 6.8 | 6.20 |
| Oct | 6 | 8.66 | -2.66 |
| Nov | 5 | 7.862 | -2.86 |
a) 1.67
b) 1.34
c) 6.68
d) 3.67
e) 2.87
Answer
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Related questions
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Q:
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Q:
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The numerical value of the coefficient of determination must be _______.
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A standard deviation of the error of the regression model is called the _______.
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