Lesson 8
February 15, 2015
Mon, Feb 16
Review:
- Trend Forecasting
Presentation:
- Measurement of Forecast Error
- Mean Absolute Deviation (MAD)
- Mean Square Error (MSE)
- Bias
- Table 15.2 Example on p. 606 Prob15.1
- Problem 15.1, 15.3
Assignment:
- Read p. 603-606, Intro to Forecasting, Measurement of Forecast Error
- Complete Problems 15.2 and 15.4 on p. 607.
- Calculate MAD and MSE for Problems 15.10, 15.12 on p. 624
- Calculate MAD and MSE for your stock market model use all closing prices this week.