Estimate the mse, mad, cumulative error and average error

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Reference no: EM1320452

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

Month

Actual Demand

3-month Forecasted Demand

May

30

25

June

31

30

July

45

33

August

42

38

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

Reference no: EM1320452

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