If the forecasted value of the time series variable for period 2 is 20.5 and the...
If the forecasted value of the time series variable for period 2 is 20.5 and the actual value observed for period 2 is 20, what is the forecast error in period 2?
- A. -0.5
- B. 2.3
- C. 0.5
- D. –2.5
Homework Answers
Forecast error=-2.5
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If the forecasted value of the time series variable for period 2
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