Question: Determine the Forecast Error for the data below using the Mean Squared Error (MSE) formula. Month Demand Forecast 16 205 210 17 197 175 18

Determine the Forecast Error for the data below using the Mean Squared Error (MSE) formula.

Month Demand Forecast
16 205 210
17 197 175
18 230 210
19 240 228
20 252 220

Question options:

a)

404.9

b)

415.4

c)

425.5

d)

405.4

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