Question: Please answer within 15-30min. (l) The observed demand for January, February, March and April are 147, 150, 145 and 155, respectively. Suppose the forecasted demand

Please answer within 15-30min. (l)

The observed demand for January, February, March and April are 147, 150, 145 and 155, respectively. Suppose the forecasted demand for these months were 167, 148, 159 and 151. respectively. What is the mean absolute error (MAE) for the given forecast

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