What Is the Mean Squared Error of the Following Forecasts

question 117

Multiple Choice

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

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Definitions:

Discouraged

Refers to being made less confident, enthusiastic, or optimistic.

Hopeless

Feeling or experiencing despair, often with the belief that one's situation is impossible to improve.

Paraphrase

The act of rewording or rephrasing a text or speech to clarify meaning without changing its original essence.

Client's Thoughts

The ideas, beliefs, or mental processes expressed by individuals receiving therapeutic services, often explored during counseling or therapy.