Question: 1 8 . Three different forecasting models have produced the following forecast errors: Period Model 1 Forecast Error Model 2 Forecast Error Model 3 Forecast

18. Three different forecasting models have produced the following forecast errors:
Period
Model 1 Forecast Error
Model 2 Forecast Error
Model 3 Forecast Error
January
110
150
-100
February
-115
105
125
March
-120
-125
160
April
115
-130
-80
May
125
-90
110
Using MAD, which forecasting model should be chosen?
a) Model 1
b) Model 2
c) Model 3
d) impossible to tell without the demand data

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