Question: Evaluate the following forecasting models (Forecast 1 and Forecast 2). Using an appropriate technique determine which forecast should be used. Show all your work. Period

Evaluate the following forecasting models (Forecast 1 and Forecast 2). Using an appropriate technique determine which forecast should be used. Show all your work.

Period	Actual	Forecast 1	Forecast 2
1	500	450	480
2	550	500	600
3	400	550	530
4	500	600	450
5	675	650	625
6	600	700	650

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