Question: Problem 3 : ( 7 Points ) Two independent methods of forecasting based on judgment and experience have been prepared each month for the past

Problem 3: (7 Points)
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.
Compute the MSE and MAD for each forecast. Does either forecast seem superior? Explain.
Compute MAPE for each forecast.

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