If the forecasted value of the time series variable for period 2 is 23.1 and the actual value observed for period 2 is 23.5, what is the percent error in period 2? Enter your answer as a percent with one decimal place and without a percent sign.
Added by Robert M.
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The absolute error is the absolute difference between the forecasted value and the actual value. Absolute error = |23.1 - 23.5| = 0.4 Show more…
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