Question: [FORECAST, TRUE / FALSE] 1. MSE can be calculated in MS.Excel using this formula, =sumxmy2(actual data, forecast data) and divided by sum of forecast data.

[FORECAST, TRUE / FALSE]

1. MSE can be calculated in MS.Excel using this formula, =sumxmy2(actual data, forecast data) and divided by sum of forecast data.

2. The first step in computing Vogel Approximation Method is to choose the minimum cost.

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