Question: 3 . Given the following table, calculate the Mean Absolute Deviation ( MAD ) , Mean Squared Error ( MSE ) and Mean Absolute Percentage
Given the following table, calculate the Mean Absolute Deviation MAD Mean
Squared Error MSE and Mean Absolute Percentage Error MAPE
Institutional Sectors
GDP
Actual
Oil Sector
Forecast
method
Forecast
method
NonOil Sector
Government Sector
Private Sector
Gross Value Added
Net Taxes on Products
Gross Domestic Product
Which one method has the largest deviation error
Which one method has the best fit?
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