Question: # 3 . Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 1 0 months. The

#3. 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:
Month
SALES (ACTUAL)
FORECAST I
FORECAST II
1
780
772
768
2
789
785
788
3
794
790
792
4
780
784
790
5
776
770
774
6
772
768
770
7
765
761
759
8
775
771
775
9
786
784
788
10
790
788
788
REQUIRED: Compute the MAD and MSE for each forecast. Does either forecast seem superior? Explain.

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