What is the mean squared error of the following forecasts?
Month Actual Sales Forecast
Jan. 614 600
Feb. 480 480
Mar. 500 450
Apr. 500 600
a) 3174
b) 164
c) 41
d) 136
e) 12,696
Answer: a) 3174
What is the mean squared error of the following forecasts?
Month Actual Sales Forecast
Jan. 614 600
Feb. 480 480
Mar. 500 450
Apr. 500 600
a) 3174
b) 164
c) 41
d) 136
e) 12,696
Answer: a) 3174