Question: Solve the following problem and show your work and calculations, when possible interpret the solution. You may use calculator, Minitab or Excel. Create a single

Solve the following problem and show your work

Solve the following problem and show your work and calculations, when possible interpret the solution. You may use calculator, Minitab or Excel. Create a single file with the solution word and upload it in the BB provided space. 1. Two forecasting methods have been used to evaluate the same economic time series. The results are: Forecast from Forecast from Realized Value Method 1 Method 2 of the Series 223 220 256 289 320 340 410 390 375 134 112 110 190 160 225 550 490 525 a. Compare the effectiveness of these methods by computing the MSE, the MAD, and the MAPE. b. Do each of the measures of forecasting accuracy indicate that the same forecasting technique is best? If not, why

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