Question: 1. Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual

1. Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: a. Compute the MSE and MAD for each forecast. Does either forecast seem superior? b. Compute MAPE for each forecast. c. Prepare a nave forecast for periods 2 through 11 using the given sales data. Compute each of the following (1) MSE, (2) MAD. How do the nave results compare with the other two forecasts? 1. Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: a. Compute the MSE and MAD for each forecast. Does either forecast seem superior? b. Compute MAPE for each forecast. c. Prepare a nave forecast for periods 2 through 11 using the given sales data. Compute each of the following (1) MSE, (2) MAD. How do the nave results compare with the other two forecasts

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