Question # 1: Consider the following data of Regression Model where YACTUAL  is your actual observation and YPREDICTION is the model prediction value. You have to use the data and Compute the value of the following errors: Mean Absolute Error, Mean Relative Error and Prediction (X) when X ≥ 30% Value of R2 YACTUAL 12.6 9.8 9.6 9.9 11.5 11.2 12.3 9.5 9.7 12.4 YPREDICTED 12.8 9.1 9.7 9.9 11.3 12.1 12.0 9.8 9.6

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter24: Forecasting Models
Section24.8: Multiple Regression
Problem 9P
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Question # 1: Consider the following data of Regression Model where YACTUAL  is your actual observation and YPREDICTION is the model prediction value. You have to use the data and Compute the value of the following errors:

  1. Mean Absolute Error,
  2. Mean Relative Error and
  3. Prediction (X) when X ≥ 30%
  4. Value of R2

YACTUAL

12.6

9.8

9.6

9.9

11.5

11.2

12.3

9.5

9.7

12.4

YPREDICTED

12.8

9.1

9.7

9.9

11.3

12.1

12.0

9.8

9.6

12.2

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