Question: ive different forecasters were using different methods of forecasting to create forecasts for the demand of Version 4 Beta Chargers. Shown in the table are

ive different forecasters were using different methods of forecasting to create forecasts for the demand of Version 4 Beta Chargers. Shown in the table are the observed values as well as the forecasted values.

Period

Observed Value

Forecast A

Forecast B

Forecast C

Forecast D

Forecast E

1 70 - - - - -
2 60 70 75 65 70 100
3 58 65 65 55 60 55
4 62 62 60 50 58 60
5 71 64 68 55 62 70
6 50 68 75 65 71 50

(a) Compute the Mean Squared Error of Forecast D.

(b) Compute the Mean Absolute Percent Error of Forecast A.

(c) According to the MAD error measure, which Forecast did better, C or E?

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