Calculate (A)MAD, (B)MSE, and (C)MAPE for the Following Forecast Versus

question 58

Essay

Calculate (a)MAD, (b)MSE, and (c)MAPE for the following forecast versus actual sales figures.(Please round to four decimal places for MAPE.)

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Definitions:

Autocracy

A system of government where absolute power is concentrated in the hands of a single person or a dominant authority.

Socialist

Pertaining to socialism, a political and economic theory advocating for the collective or governmental ownership and administration of the means of production and distribution of goods.

Communist

Relating to a political and social system in which property and resources are collectively owned, with the aim of eliminating class distinctions.

Theocratic

Pertaining to a form of government or a society where religious leaders control political power, often based on the belief that their authority is divinely guided.