Discuss these two forms of financing in international Trade: Secured and Unsecured.
Jangson Group has just opened a new business in Nigeria. As part of the business plan needed to secure start-up financing, they forecasted a 12 months demand. Data below shows the demand/sales pattern. Column 1 shows business months 1- 12.
Months Sales Forecast Error Absolute Error Square Error Absolute Percentage Error
1 328 326
2 310 337
3 355 348
4 362 359
5 375 369
6 380 380
7 408 391
8 415 401
9. 417 412
10. 412 423
11. 429 434
12. 434 444
a. Mean Error (ME)
b. Mean Absolute Deviation (MAD)
c. Mean Square Error (MSE)
d. Mean Absolute Percentage Error (MAPE)
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