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Previous year's budget was 12.5 million dollars. This year's budget is 14.1 million dollars. How much did the budget increase?
Last year's budget must be subtracted from this year's budget; 14.1 million - 12.5 million = 1.6 million. Because both numbers are millions, the 14.1 and 12.5 can simply be subtracted and million is additional to the answer.
Forecast Errors Differences among actual results and predictions may arise from many reasons. They may arise from random influences, usual sampling errors, option of the wrong
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