Question: 1. Two independent methods of forecasting based on judgment and forecasts and actual sales are as follows: experience have been prepared each month for the

1. Two independent methods of forecasting based on judgment and forecasts and actual sales are as follows: experience have been prepared each month for the past 10 months. The Month 1 2 3 4 5 6 7 8 9 10 Sales 770 789 794 780 768 772 760 775 786 790 Forecast 1 771 785 790 784 770 Forecast 2 769 787 792 798 774 770 759 775 788 788 768 761 771 784 788 a. Compute the MSE and MAD for each forecast. Does either forecast seem superior? b. Compute MAPE for each forecast. c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following (1) MSE, (2) MAD. How do the naive results compare with the other two forecasts

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