you have been given the following actual and forecasted sales data for five monthsMonth Actual sales Forecasted sales e |e| e^2 absolute % errorJan 200 210Feb 220 215Mar 250 240apr 300 290May 280 300Total Fill out the above table to calculate the mean absolute error, mean square error, and mean absolute percentage error. (do not use excel)

you have been given the following actual and forecasted sales data for five monthsMonth Actual sales Forecasted sales e |e| e^2 absolute % errorJan 200 210Feb 220 215Mar 250 240apr 300 290May 280 300Total Fill out the above table to calculate the mean absolute error, mean square error, and mean absolute percentage error. (do not use excel)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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