What is the error associated with the eleventh-period forecast? **(Round your answer to 1 decimal place.)**

To calculate the error associated with the eleventh-period forecast, we typically need the following information:

1. **Actual value for the eleventh period:** The true value that was observed in the eleventh period.
2. **Forecasted value for the eleventh period:** The value that was predicted or forecasted for the eleventh period.

The **forecast error** is calculated as:

\[
\text{Forecast Error} = \text{Actual Value} - \text{Forecasted Value}
\]

To round the error to one decimal place:

1. Subtract the forecasted value from the actual value.
2. Round the result to one decimal place.

If you provide the actual and forecasted values for the eleventh period, I can compute the error for you.

Would you like to provide these values, or is there anything specific you'd like to ask about this process?

Learn how to calculate the error associated with the eleventh-period forecast. Understand the formula and steps involved in determining the forecast error, rounding your answer to one decimal place. Suitable for advanced learners or professionals in forecasting and statistics.

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