Question: The following table summarizes the given data and the forecast values. There will not be a forecast error for the first month. Complete the columns

The following table summarizes the given data and

The following table summarizes the given data and the forecast values. There will not be a forecast error for the first month. Complete the columns for the forecast error and squared forecast error. Month Value Forecast Value Forecast Error Actual - Forecast Squared Forecast Error (Actual - Forecast) 1 22 N 30 22 30 - 22 = 8 (8) = 64 3 26 26 0 0 4 31 26 5 25 5 27 27.25 -0.25 0.625 26 27.2 1.2 x 1.44 7 31 27 4 16 Total 107.065 The MSE will be the average of the squared forecast error column. Find the average of this column, rounding the result to two decimal places. MSE = 17.84

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