Evaluation:
Published: 04.09.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'Forecasting case, Kwik Lube', 1.
  • Essays 'Forecasting case, Kwik Lube', 2.
Extract

(Kwik Trend Analysis)
Measure<Tab/>Value<Tab/>Future Period<Tab/>Forecast
Error Measures<Tab/> <Tab/>9.<Tab/>1,362,143.
Bias (Mean Error)<Tab/>-0.0156<Tab/>10.<Tab/>1,455,952.
MAD (Mean Absolute Deviation)<Tab/>50,773.7969<Tab/>11.<Tab/>1,549,762.
MSE (Mean Squared Error)<Tab/>3,498,808,832.<Tab/>12.<Tab/>1,643,572.
Standard Error (denom=n-2=6)<Tab/>68,301.3828<T…

Atlants