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