A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12. Based on these data, what is the mean square error for the linear trend model?
A) Approximately 7,968
B) About 99,615
C) Nearly 18,000
D) None of the above

Question

A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12.  Based on these data, what is the mean square error for the linear trend model?
A) Approximately 7,968 
B) About 99,615 
C) Nearly 18,000 
D) None of the above

Quizplus · Accepted Answer

The Answer of A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12.  Based on these data, what is the mean square error for the linear trend model?
A) Approximately 7,968 
B) About 99,615 
C) Nearly 18,000 
D) None of the above

A Company Has Developed a Linear Trend Model to Forecast