Question: Question 5 The forecasts generated by two forecasting methods and the actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 269 275

Question 5 The forecasts generated by two forecasting methods and the actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 269 275 268 2 289 266 287 3 294 290 292 4 278 284 298 5 268 270 274 6 269 268 270 7 260 261 259 8 275 271 275 Compute the MSE, the MAD, the MAPE, the RSFE, and the Tracking Signal for each method. Which method is better? Why? (25marks)

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