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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