Question: Submit Two Independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months The forecasts and actual

Submit Two Independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months The forecasts and actual sales are as follows: Month 1 2 3 845 850 Forecast 810 790 310 805 5 6 7 Torecast 8.30 015 795 330 770 780 810 800 800 805 810 810 795 545 790 BSO 790 855 780 9 10 781 770 BIS 545 360 Technique Formula MAD lel MAD = n MSE Se Technique Formula MAD n vel MAD = n MSE 72 e2 MSE = = n - 1 MAPE leil Actual, x 100 MAPE = n a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) a. Compute the MSE and MAD for each forecast (Round your answers to 2 decimal places.) MSE MAD Forecast 1 Forecast 2 b. Computer MAPE for each forecast (Round your intermediate calculations to 5 decimal places and tinatamwers to a decimal places.) MAPE F1 MAPE F2 % % c. Prepare a naive forecast for periods 2 through 11 using the given sales dota. Compute each of the following: (1) MSE, (2) MAD,3) tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) MSE MAN

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