Question: Question 1: Two independent set of forecasts based on judgment and experience have been prepared each month for the past 10 months. The forecasts and

Question 1: Two independent set of forecasts based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual demand are as follows: a. Calculate the MSE and MAD for each forecast. Does one forecast seem superior? Explain. b. Calculate 2s control limits for each forecast, plot control charts, and determine if each forecasting process is in control. Explain

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