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Answered: - Discuss these two forms of financing in international Trad


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

Mean

Calculate:

a. Mean Error (ME)

b. Mean Absolute Deviation (MAD)

c. Mean Square Error (MSE)

d. Mean Absolute Percentage Error (MAPE)

 


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