Question: Question 6: A manager has just received an evaluation from an analyst on two potential forecasting alternatives. The analyst is indifferent between the two alternatives,

Question 6: A manager has just received an evaluation from an analyst on two potential forecasting alternatives. The analyst is indifferent between the two alternatives, saying that they should be equally effective. A) What is the difference between these two alternatives? (Calculate Mean Square Error (MSE) and Mean Absolute Deviation (MAD) of both alternatives to answer this question) B) Calculate standard deviation of the distribution of the errors (s) for both alternatives. C) Calculate the UCL and LCL, considering z=2 D) What is the benefit of calculating UCL and LCL in forecasting

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