Question: 3. Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months Compute MAD and MSE

3. Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months Compute MAD and MSE (sum of squared errors divided by (n-1)] for each forecast. Does either forecast seem superior? Explain. The forecasts and actual sales are as follows: Month SALES (ACTUAL) FORECAST 1 FORECAST II 1 780 775 778 2 789 785 790 3 794 790 792 3. Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months Compute MAD and MSE (sum of squared errors divided by (n-1)} for each forecast. Does either forecast seem superior? Explain. The forecasts and actual sales are as follows Month SALES (ACTUAL) FORECASTI FORECAST II 1 780 775 778 2 789 785 790 3 794 790 792 4 780 784 785 5 778 770 774 6 772 768 770 7 765 761 759 8 775 771 777 9 786 784 791 10 790 792 788

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