Given forecast errors of 4, 8, and −3, what is the mean absolute deviation (MAD) and mean square error (MSE)? (Round your answers to 2 decimal places.)

Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
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Given forecast errors of 4, 8, and −3, what is the mean absolute deviation (MAD) and mean square error (MSE)? (Round your answers to 2 decimal places.)

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