Question: # 3 . Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 1 0 months. The
# Two independent methods of forecasting based on judgment and experience have been prepared each month for the past months. The forecasts and actual sales are as follows:
Month
SALES ACTUAL
FORECAST I
FORECAST II
REQUIRED: Compute the MAD and MSE for each forecast. Does either forecast seem superior? Explain.
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