Math Problem Statement
Consider the following data:
Monthly Profit of a GymMonth
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Profit ($)
5,3505,350
5,1035,103
4,8244,824
4,4374,437
5,0805,080
5,3585,358
5,8195,819
6,0916,091
5,8375,837
Step 2 of 5 :
What are the MAD, MSE and MAPE scores for the three-period moving average? Round any intermediate calculations, if necessary, to no less than six decimal places, and round your final answer to one decimal place.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Time Series Analysis
Formulas
Mean Absolute Deviation (MAD)
Mean Squared Error (MSE)
Mean Absolute Percentage Error (MAPE)
Moving Average
Theorems
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Suitable Grade Level
Advanced High School
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