Question: Explain the following table Forecast Errors Forecasting Method MAD MAPE(%) TS Range Min Max Four-period moving average 843 17 1.00 5.00 Simple exponential smoothing 672

Explain the following table

Forecast Errors

Forecasting Method

MAD

MAPE(%)

TS Range

Min

Max

Four-period moving average

843

17

1.00

5.00

Simple exponential smoothing

672

14

-1.36

7.31

Holt's model

628

12

-3.26

4.16

Winter's model

623

12

-3.04

3.53

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