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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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Operation Management, Management Studies

Category:- Operation Management
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