Determine the values of mad and mse

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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.)

Reference no: EM131899467

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