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Question 1 Determine the error for each of the following forecasts. Compute MAD and MSE.

Question 1
Determine the error for each of the following forecasts. Compute MAD and MSE.
Period Value Forecast Error
1 202 — —
2 191 202
3 173 192
4 169 181
5 171 174
6 175 172
7 182 174
8 196 179
9 204 189
10 219 198
11 227 211
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MSE.pdf

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