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Question: Using the following data, determine the values of MAD and MSE. Which of these measurements of error seems to yield the best information about the forecasts?
Period Value Forecast
1 19.2 16.1
2 23.4 19.4
3 24.0 21.0
4 26.8 24.8
5 29.2 25.9
6 35.5 28.6
(Round your answers to 3 decimal places.)
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