Question: Hello! Please answer the following question accordingly without Excel please. I will only rate positively if you complete both parts sufficiently and concisely. Thank you!

Hello! Please answer the following question
Hello! Please answer the following question accordingly without Excel please. I will only rate positively if you complete both parts sufficiently and concisely. Thank you!
Question 3: Quarterly forecast for failures of certain aircraft engines at a local military base are forecasted using a forecast model. Actual number of failures and the forecasted failures based on the model over two years are given below: Year 1 Quarter 1 2 3 4 Failures 200 250 175 186 225 285 305 190 Forecast 202 200 205 202 201 203 211 220 2 1 2 3 4 a. Compute the MSE of the above forecast b. Compute the tracking signal for all the periods and plot it. Do we need to review the forecast model? Briefly explain the reason. (a couple of sentences is enough)

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