Question: Section 2: Computational questions (32 marks) 1. Following data are related to six months' forecasts for oil consumption in a specific area with two different

Section 2: Computational questions (32 marks) 1. Following data are related to six months' forecasts for oil consumption in a specific area with two different methods. In addition, the actual consumption is reported in the following table. (10) Forecastsmillion Month Method Method 2 Actual Consumption 1 90.89 110 2 104.45 108.80 112 3 100.00 103.21 105 4 10121 9987 100 5 118.75 121.12 6 109.10 112.76 114 120 Which forecasting method has better performance considering the MAD and MSE

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