Question: A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is: Month: July

A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is:

Month:

July (Actual 5) Forecast(Blank) Error (Blank)

Aug (Actual 11) Forecast 5 Error 6.00

Sept (Actual 13) Forecast 8.11 Error 4.89

Oct Actual 6 Forecast 8.66 Error -2.66

Nov Actual 5 Forecast 7.862 Error -2.86

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