Question: Consider the following data set: Month Actual Sales Forecast 1 Forecast 2 1 777 771 769 2 789 785 787 3 794 790 792 4
Consider the following data set:
| Month | Actual Sales | Forecast 1 | Forecast 2 |
| 1 | 777 | 771 | 769 |
| 2 | 789 | 785 | 787 |
| 3 | 794 | 790 | 792 |
| 4 | 780 | 784 | 798 |
| 5 | 768 | 770 | 774 |
| 6 | 779 | 768 | 770 |
| 7 | 760 | 761 | 759 |
| 8 | 785 | 771 | 775 |
| 9 | 786 | 784 | 788 |
| 10 | 791 | 788 | 788 |
- Calculate MAD and MSE for each forecast (forecast 1 and forecast 2).
- Calculate MAPE for each forecast (forecast 1 and forecast 2).
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