Coefficient of determination, Marketing Management

Q. The following are two weekly forecasrs made by two different methods for the number of gallons of gasoline in thousands, demanded at a local gasoline station. lAlso shown are actual demand levels, in thoursands of gallons

Week Forecast Met1  Actual demand       Week   Forecast method 2   Actual demand

1              0.90                            0.68                    1                    0.77                     0.68

2             1.05                             1.05                    2                    1.21                     1.05

3              0.97                            1.07                    3                    0.88                      1.07

4              1.22                            1.00                    4                    1.11                      1.00

The MAD for Method 1= ........... thousands gallon(round resonse  to 3 demical places)

The MSE for Method 1=..............       thousands gall (round resonse  to 3 demical places)

The absolute deviation based on forecast developed using Method 2 add to ......... thousands gallons ( round ur answer to three decimal places)

MAD for Method 2 is .............

MSE for Method 2 is ................

Posted Date: 2/18/2013 5:13:54 AM | Location : United States







Related Discussions:- Coefficient of determination, Assignment Help, Ask Question on Coefficient of determination, Get Answer, Expert's Help, Coefficient of determination Discussions

Write discussion on Coefficient of determination
Your posts are moderated
Related Questions
Q. Explain Different types of Headlines ? Different Forms of Headlines:- Direct Benefit Headlines Question Headlines Announcement Headlines. Provocative He

Define the marketing by as a Discipline. Marketing as a Discipline: The subject of marketing has involved out of business that has derived its existence by economics. But

Question : (a) Describe with examples the concept of product line and product mix. (b) Compare and contrast Reverse Positioning and Breakaway Positioning strategies. (c)

Formulating the Marketing Strategy: Formulation of marketing strategy consists of two main steps: 1. selecting the target market. 2. positioning the offer. 3. assembli

Should video game companies continue to alter their products to include other functions such as email?

Consumer Behaviour       Consumer buying behaviour refers to the buying behaviour of final consumer's individuals and households who buy goods and services for personal consump

Explain about the direct-response media In many cases direct-response media like direct mail, magazine inserts and television and print advertisements which use telephone numbe

Question 1: Using examples from a Business-to-Consumer market of your choice: a) identify and explain different marketing communications tools that can be used to promote a

Marginal Approach to Ad-budget: - In this schema advertisement budget is decided on the basis of marginal costs and marginal revenue of advertising. Marginal cost here signifies i

will the pricing and product policy of a multinational firm be different in a developed and an underdeveloped country?justify your answer.