Question: The table below contains the actual sales data for the past 3 months, as well as the value that we forecasted for each month. We

The table below contains the actual sales data for the past 3 months, as well as the value that we forecasted for each month. We are interested in how well our forecasting system has been performing--in particular we are interested in Bias. Compute the MFE for data in the table.

Month Actual Sales Forecast Sales
Apr 89 95
May 107 113
Jun 109 143

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