Question: Part 3: Answer the questions below (forecast errors below are based on different data than that shown above) Forecast A Forecast B Forecast C CFE

Part 3: Answer the questions below (forecast

Part 3: Answer the questions below (forecast errors below are based on different data than that shown above) Forecast A Forecast B Forecast C CFE 22 -2.2 15 MAD 11.5 14.5 12.6 MSE 177 149 -156 MAPE 0.11 0.21 0.16 Question 1: Which measure of forecast error is incorrect. Identify the mistake by indicating both the measure of forecast error and the specific forecast (A, B, or C) in the green box Question 2: Which forecast (A, B, or C) has the largest squared errors? Identify the error type (e.g. CFE, MAD, MSE, MAPE) and the Forecast (e.g. A, B, C) -- in the green box. Question 3: Which forecast (A, B, or C) is the least 'biased'? Identify the error type (e.a. CFE. MAD. MSE. MAPE) and the Forecast (e.a. A. B. C) -- in the green box

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