Question: please explain how to complete 29 (part a and b) using provided information from 22 22. Two independent methods of forecasting based on judgment and

please explain how to complete 29 (part a and b)please explain how to complete 29 (part a and b)

please explain how to complete 29 (part a and b) using provided information from 22

22. 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: a. Compute the MSE and MAD for each forecast. Does either forecast seem superior? Explain. b. Compute MAPE for each forecast. 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. How do the naive results compare with the other two forecasts? 29. Refer to the data in problem 22. a. Compute a tracking signal for the 10th month for each forecast using the cumulative error for months 1 to 10 . Use action limits of 4. Is there bias present? Explain. b. Compute 2s control limits for each forecast

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