Question: Problem 956510: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As

Problem 956510: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger numbers and 3 decimal places for smaller numbers less than 1. Use the following data to calculate the MAD and MSE of the forecasts.

Period Demand Forecasts
1 256 --
2 270 244
3 248 251
4 265 248
5 244 243

Period Absolute Error
1 --
2
3
4
5

Calculate the mean absolute deviation (MAD) of the forecasts? Calculate the mean squared errors (MSE) of the forecasts?

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