IT firm HelpTech offers technical support for corporate clients across the country. The number of billed hours (in th) in the past 4 years are presented below. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 205 206 206 205 205 212 220 246 255 256 245 239 2019 194 197 191 193 193 202 209 214 210 206 199 199 2018 196 192 192 203 204 212 217 216 217 202 197 199 2017 186 187 166 175 187 213 225 209 209 216 206 198 Obtain the seasonal indexes for Jan '20 to Dec '20 using all 4 years. Select the index you obtained for Apr '20:

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
icon
Related questions
Question
Case
IT firm HelpTech offers technical support for corporate clients across the country. The number of
billed hours (in th) in the past 4 years are presented below.
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 205 206 206 205 205 212 220 246 255 256 245 239
2019 194 197 191 193
2018 196 192 192 203 204 212 217 216 217 202 197 199
2017 186 187 166 175 187 213 225 209 209 216 206 198
193 202 209 214 210 206 199 199
Obtain the seasonal indexes for Jan '20 to Dec '20 using all 4 years. Select the index
you obtained for Apr '20:
What is the MAD, MSE, and MAPE for your previous 2020 forecast?
MAD: 9.4 MSE: 136.9 MAPE: 4.1%
MAD: 9.4 MSE: 136.9 MAPE: 3.4%
MAD: 4.4 MSE: 136.9 MAPE: 1.9%
MAD: 8.6 MSE: 125.5 MAPE: 3.8%
Transcribed Image Text:Case IT firm HelpTech offers technical support for corporate clients across the country. The number of billed hours (in th) in the past 4 years are presented below. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 205 206 206 205 205 212 220 246 255 256 245 239 2019 194 197 191 193 2018 196 192 192 203 204 212 217 216 217 202 197 199 2017 186 187 166 175 187 213 225 209 209 216 206 198 193 202 209 214 210 206 199 199 Obtain the seasonal indexes for Jan '20 to Dec '20 using all 4 years. Select the index you obtained for Apr '20: What is the MAD, MSE, and MAPE for your previous 2020 forecast? MAD: 9.4 MSE: 136.9 MAPE: 4.1% MAD: 9.4 MSE: 136.9 MAPE: 3.4% MAD: 4.4 MSE: 136.9 MAPE: 1.9% MAD: 8.6 MSE: 125.5 MAPE: 3.8%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell