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.

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) Forecasts (million Month Method 1 Method 2 | 1 90.89 104.45 100.00 101.21 118.75 109.10 2 Actual Consumption 110 112 105 100 120 108.80 103.21 99.87 121.12 112.76 4 5 6 114 il forecasting method has better performance considering the MAD and MSE

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