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

question 4

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:

Standard Economic Thought

The dominant or traditional theories and principles in economics, often focusing on market efficiency, supply and demand, and rational choice.

Strikes

A form of protest where workers stop working in an attempt to force an employer to comply with their demands, such as higher pay or improved working conditions.

Defensive Lockout

A tactic used by employers to prevent workers from working during a labor dispute to protect the company's assets or interests.

Picketing

A form of protest by workers outside a place of employment or another significant location to express grievances or demand rights, often during strikes or labor disputes.