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Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales
Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: Computer the mean forecast error (MFE) for Forecast 1 and for Forecast 2. (Round your answers to 1 decimal place. Negative amounts should be indicated by a minus sign.) MFE for Forecast 1= MFE for Forecast 2=
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