Question: In the template for finding bias (Fig. 4.3), using the Actuals as shown, compare the estimating model shown in the figure with the following estimates

In the template for finding bias (Fig. 4.3), using the Actuals as shown, compare the estimating model shown in the figure with the following estimates derived from a multiplicative model:

Period: 1 2 3 4 5 6 7 8 Estimate: 179 217 91 51 76 438 64 170 LO5 Base your comparison on the mean bias and the MAR. Comment.

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