Question: Chapter 3 Homework i Saved 4 Problem 3-22 (Algo) 2.5 points Two independent methods of forecasting based on judgment and experience have been prepared each

Chapter 3 Homework i Saved 4 Problem 3-22 (Algo)

Chapter 3 Homework i Saved 4 Problem 3-22 (Algo) 2.5 points 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: Skipped Month 1 2 3 4 4 5 6 6 7 8 9 9 10 Sales 835 835 800 835 790 845 815 845 805 830 Forecast 1 825 810 815 795 810 800 815 810 785 860 Forecast 2 795 825 820 800 795 801 805 845 795 840 eBook Print References a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) MSE MAD Forecast 1 Forecast 2 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) % MAPE F1 MAPE F2 % b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) % MAPE F1 MAPE F2 % c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following: (1) MSE, (2) MAD, (3) tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) MSE MAD Tracking signal Control limits 0+

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