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Answer :
Final answer:
In this case, the absolute error for Year 4 is 100.
So, none of the given options is correct
Explanation:
To calculate the absolute error for Year 4, we need to find the absolute difference between the actual value and the forecasted value for that year.
Actual value for Year 4 = 3800
Forecasted value for Year 4 = 3700
Absolute error = |Actual value - Forecasted value|
Absolute error = |3800 - 3700|
Absolute error = |100|
Absolute error = 100
Therefore, in this context, the absolute error for Year 4 is 100. This calculation helps in understanding the deviation between the actual value and the forecasted value for that particular year, providing insight into the accuracy of the forecasting model.
So, none of the given options is correct
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