Question: How do I solve these problems? Problem 3-22 (Algo) Two independent methods of forecasting based on judgment and experience have been prepared each month for

How do I solve these problems? How do I solve these problems? Problem 3-22
How do I solve these problems? Problem 3-22
Problem 3-22 (Algo) Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: Month 1 2 3 4 5 6 7 Sales 840 840 810 790 780 840 770 855 B40 830 Forecast 1 840 825 820 825 800 795 Forecast 2 760 805 820 825 795 796 775 780 805 795 800 9 10 825 830 800 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) MSE MAD Forecast 1 Forecast 2 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) MAPE F1 MAPE F2 % c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following: (1) MSE, (2) MAD. (3) tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places) MSE MAD Tracking signal Controllimit ou

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