Two forecasts were produced, as shown in Table 9.11. The ME for the second forecast is some seven times larger than the ME for the first forecast. However, the MSE is some 20 times larger. Can you explain?

Transcribed Image Text:

X 1 2 3 لنا 4 5T 6 7 8 Y 230 300 290 320 350 400 350 400 9₁ 230 305 295 320 345 402 355 395 Vz 230 305 295 320 345 350 355 395 0 -5 -5 0 5 745 -2 -5 e₂ 0 -5 -5 0 5 50 -5 5