The actual demand for a product and the forecast for the product are shown below. Calculate MAD and MSE. Show all of your computations.
Definitions:
Claims
Demands for payments or property ownership typically made through legal or financial processes by creditors or insurers.
Subsidiary Ledger
A detailed ledger that contains the individual accounts related to a specific main account, facilitating detailed tracking and reconciliation.
General Ledger
The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into debits and credits.
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