Question: Problem 3 : ( 7 Points ) Two independent methods of forecasting based on judgment and experience have been prepared each month for the past
Problem : Points
Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 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.
Compute the MSE and MAD for each forecast. Does either forecast seem superior? Explain.
Compute MAPE for each forecast.
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