Question: Ten months of data and the forecasts for those same periods are in the table below. Use these data for the remaining questions in this

Ten months of data and the forecasts for those

Ten months of data and the forecasts for those

Ten months of data and the forecasts for those same periods are in the table below. Use these data for the remaining questions in this assignment. Month Actual Forecast January 42 47 February 58 50 March 58 58 April 77 82 May 91 84 June 102 108 July 124 113 August 148 160 September 171 155 October 177 174 Suppose overforecasting errors cost $500 per unit, and underforecasting errors cost $750 per unit. What is the total cost of forecasting error for January through October? NOTE: You MUST enter a comma in the proper place for Canvas to mark your answer as correct (e.g., enter 10,000 instead of 10000). I don't know why Canvas requires that, but it does and I am unable to change that behavior. Canvas is quirky, to say the least

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