What is the mean squared error of the following forecasts?
A)3174
B) 164
C) 41
D) 136
E)12,696

Name: What is the mean squared error of the following forecasts? A)3174 B) 164 C) 41 D) 136 E)12,696
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Question

Quizplus · Accepted Answer

The mean squared error is the average of the squared differences between the forecast and the actual value. In this case, the forecast is 3174 and the actual value is 3160. The squared difference is 144, and the mean squared error is 144 / 1 = 144.

What Is the Mean Squared Error of the Following Forecasts