Question: Use the following sales data ( Note: the same data set is provided in the first worksheet of the exam Excel file ) to answer

Use the following sales data (Note: the same data set is provided in the first worksheet of the exam Excel file) to answer the question:
t Demand
1300
2600
3400
4500
5250
What will be the mean error and mean absolute deviation (calculated based on all four in-sample forecasts) if forecasts are calculated using the last period demand technique?

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