Forecasting of data in probability

Reference no: EM1311247

Forecasting:

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

Month	Actual Demand	3-month Forecasted Demand
May	35	25
June	31	30
July	48	33
August	41	38

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

Reference no: EM1311247

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