Total error and mean squared error
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Use the following to answer questions:
Week Revenue Forecasted Revenue
1 200 225
2 240 220
3 300 285
4 270 290
5 230 250
6 260 240
7 210 250
8 275 240
Compute the total error (sum of the error terms)
Compute the mean squared error (deviation)
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Solution Summary
Total error and mean squared error are computed.
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