Explore BrainMass

Explore BrainMass

    Total error and mean squared error

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Use the following to answer questions:

    Week Revenue Forecasted Revenue
    1 200 225
    2 240 220
    3 300 285
    4 270 290
    5 230 250
    6 260 240
    7 210 250
    8 275 240

    Compute the total error (sum of the error terms)

    Compute the mean squared error (deviation)

    © BrainMass Inc. brainmass.com June 4, 2020, 12:22 am ad1c9bdddf
    https://brainmass.com/statistics/standard-error/total-error-and-mean-squared-error-334993

    Solution Summary

    Total error and mean squared error are computed.

    $2.19

    ADVERTISEMENT