Forecasting of data in probability

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Reference no: EM1311247

Forecasting:

Recent actual and forecasted data for product XYZ is given in the following table.

Month

Actual Demand

3-month Forecasted Demand

May

35

25

June

31

30

July

48

33

August

41

38

Determine the MSE, MAD, cumulative error and average error.

Reference no: EM1311247

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