Question 4 Consider the below Table Quarters 1 2. 3 4 Actual number of inflation Number predicted by the Number predicted by the rates FED IMF 2.12 2.15 2 51 1.94 1.76 1.97 2.10 1.98 1.99 2 18 2.14 2.17 a. Calculate the Mean Absolute Error (MAE) and Mean Squared Error (MSE) for the prediction made by the FED b. Calculate the Mean Absolute Error (MAE) and Mean Squared Error (MSE) for the prediction made by the IMF c. Compare the two sets of forecasts