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(All Steps) Consider the following time series with forecast values and error terms. Month Actual Forecast Error July 10 Aug 6 10 -4.00 Sept 13 8.8 4.20

Question: Consider the following time series with forecast values and error terms.

Month Actual Forecast Error
July 10
Aug 6 10 -4.00
Sept 13 8.8 4.20
Oct 7 10.06 -3.06
Nov 8 9.142 -1.14
  1. Compute the mean error (ME) for this forecast.
  2. Compute the mean absolute deviation (MAD) for this forecast.
  3. Compute the mean squared error (MSE) for this forecast.
  4. Compute the mean percentage error (MPE) for this forecast.

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