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Use the Data Shown Below to Answer the Following Question(s)

question 52

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Use the data shown below to answer the following question(s).
The table below is the data set of the Shiller Real Home Price Index for the years 1946-1956.
 Year  Real Home Price  Index 1946106.50589551947109.32967071948101.22257951949100.04660761950105.89483931951103.89866871952103.97432751953114.71330931954114.1991261955115.46212611956115.3166155\begin{array}{c|c}\text { Year } & \begin{array}{c}\text { Real Home Price } \\\text { Index }\end{array} \\\hline 1946 & 106.5058955 \\\hline 1947 & 109.3296707 \\\hline 1948 & 101.2225795 \\\hline 1949 & 100.0466076 \\\hline 1950 & 105.8948393 \\\hline 1951 & 103.8986687 \\\hline 1952 & 103.9743275 \\\hline 1953 & 114.7133093 \\\hline 1954 & 114.199126 \\\hline 1955 & 115.4621261 \\\hline 1956 & 115.3166155\end{array}
-Setting k = 3, determine the value of mean absolute percentage of error.

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Definitions:

Performance Report

A document that compares budgeted or planned financial outcomes to actual results, often used to assess the performance of a company, department, or project.

Production Managers

Individuals responsible for overseeing the day-to-day operations of manufacturing and production facilities to ensure goods are produced efficiently, on time, and within budget.

Total Costs

The complete aggregation of all direct and indirect expenses incurred in the production or acquisition of goods and services.

Production Department

The segment of a manufacturing firm dedicated to producing finished goods from raw materials or components.

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