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
Marketing control: Because many surprises occur during the implementation of the marketing plan, the marketing department must practice constant marketing control. Marketing

What is strength of brand equity? Simply speaking which brand identities primarily exists within the mind of its customers. A brand is his or her estimate of performance of whi

Question: a) Explain why service personnel are a source of customer loyalty and competitive advantage. b) Discuss the customer cycle of failure in a service organization.

product mix of the lg company

A Supervising Officer of a large Ministry made the following statement: "To be successful in business, all you need is a Customer. You don't need any of those tight little acad

Illustrate the term price leadership strategy. he presence of a leader assists to regulate the market and ignore too many price changes oligopolistic markets, in that the numbe

Illustrates Advertisement and Ethics together in points? Advertisement and Ethics: Points of both illustrated below: a) The Advertising Standards Council of India (ASC

Question 1: Why sales promotion is an integral part of marketing? How does it differ from marketing and advertising? - Detail explanation on ‘Meaning and Importance of Sale

As discussed in the video lectures for this module, the president plays many different roles: Chief of State; Chief Executive; Chief Diplomat; Commander-in-Chief; Chief Legislator.

customer mind is a black box dicuss