What is the mean squared error of the following forecasts?
Month Actual Sales Forecast
Jan. 68 60
Feb. 48 50
Mar. 50 60
Apr. 30 30
a) 168
b) 5
c) 20
d) 1
e) 42
Answer: e) 42
What is the mean squared error of the following forecasts?
Month Actual Sales Forecast
Jan. 68 60
Feb. 48 50
Mar. 50 60
Apr. 30 30
a) 168
b) 5
c) 20
d) 1
e) 42
Answer: e) 42