Question: Could you please go step by step getting the answer Given the following table answer questions 7-9. Carry four decimals. Period Actual Forecast 1 Forecast

Could you please go step by step getting the answer
Given the following table answer questions 7-9. Carry four decimals. Period Actual Forecast 1 Forecast 2 1 251 238 242 2 263 275 281 3 257 267 255 4 269 270 268 5 301 304 310 7.8000 6.0010 7.9000 7) The mean absolute deviation (MAD) of Forecast 2 is: 3.00% 4.20% 8) The mean absolute percent error (MAPE) of Forecast 1 is 2.80% 9) Which of the two forecasts are more accurate and why? A) Forecast 1 because its MAD is lower than forecast 2's MAD. B) Forecast 2 because its MAD is lower than forecast 1's MAD. C) Forecast 2 because its MAPE is lower than forecast 1's MAPE. D) Forecast 1 because its MAPE is lower than forecast 2's MAPE. E) I really do not careStep by Step Solution
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