Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:a) MAD =(round your response to one decimal place).ForecastActual103 117 131 14596119 134 145

Forecasting helps to know the factors related to future events mainly based on historical data,…

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Practical Management Science

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Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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alculate (a) MAD and (b) MSE for the following forecast versus actual sales figures: =(round your response to one decimal place). MAD= Forecast Actual 103 117 131 145 96 119 134 145