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A firm wishes to evaluate the performance of its forecasting system. It uses data for the past three periods, as shown below.

Period t Actual At Forecast Ft

1 180 200

2 200 190

3 225 210

Compute the following aggregate measures of forecast error: MFE, MAD, MSE, RMSE, MAPE.

Can you show step by step on how to calculate it.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92509365

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