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Forecast Errors
Differences among actual results and predictions may arise from many reasons. They may arise from random influences, usual sampling errors, option of the wrong forecasting system or alpha value or only that the future conditions turn out to be radically different from the past. Whatever the cause or causes management wish to know the extent of the forecast errors and different methods exist to calculate these errors.
A commonly utilized technique, suitable to time series, is to calculate the mean squared error of the deviations between actual and forecast values then choose the forecasting system and/or parameters which gives the lowest value of mean squared errors that is akin to the 'least squares' method of establishing a regression line.
do we calculate midpoints from classes or from class boundaries
Now we have to start looking at more complicated exponents. In this section we are going to be evaluating rational exponents. i.e. exponents in the form
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You plan to retire when you are 65th years old. You are now 25 years old. You plan to buy a pension annuity that will pay you $100,000 per year starting one year after you turn 6
A parent shows his child four pencils. He places them in a row in front of her and says "one" as he points to the first pencil, "two" as he points to the second one, "three" as he
$36.00*6/36+(-$3.60)x30/36
Wendy brought $16 to the mall. She spent $6 on lunch. What percent of her money did she spend on lunch? Divide $6 by $16 to ?nd out the percent; $6 ÷ $16 = 0.375; 0.375 is equi
Two angles are complementary. The calculate of one angle is four times the measure of the other. Evaluate the measure of the larger angle. a. 36° b. 72° c. 144° d. 18°
how do you do algebra with division
draw a right angle isosceles triangle with 9 triangles in it
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