Question: Actual Forecast Error A forecasting method has produced the information in the chart below over the past five months. What is the mean squared error

Actual Forecast Error A forecasting method has

Actual Forecast Error A forecasting method has produced the information in the chart below over the past five months. What is the mean squared error (MSE)? 10 11 -1 8 10 -2 10 8 2 6 6 0 9 8 1 1.5 OO 2.0 2.5 0 Which is true regarding forecasting errors: O smaller errors, regardless of whether they are positive or negative, is the best situation negative errors, where actual was less than the forecast, are the best situation positive errors, where the actual was more than the forecast, are the best situation an error of zero is impossible A forecasting method has produced the information in the chart below over the past five months. What is the mean absolute deviation (MAD Actual Forecast Error 10 11 -1 8 10 -2 10 8 2 6 6 0 9 8 1 1.2 1.5 0 3.0

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