Question: Suppose you are given summary reports for three different forecasts, shown below. Use this information to answer the next 3 questions: 1. ast A _______

Suppose you are given summary reports for three

Suppose you are given summary reports for three different forecasts, shown below. Use this information to answer the next 3 questions:

1. ast A _______

2, If you were to pick the forecast with the least amount of bias, you would choose.

3. If you were to pick the forecast with the least amount of variability in forecast errors, you would choose ____.

Suppose you are given summary reports for three different forecasts, shown below. Use this information to answer the next 3 questions: Forecast B -11.33 Foreca: o 0 CFE AFE StDev MAD MAPE Forecast A 6.37 0.796 3.87 3.25 6.70% 13.72 6.42 -1.416 3.92 3.58 7.67% 14.64 6 13.40 36 MSE Forecast A O Has an overforecasting bias O Has an underforecasting bias O Has neither overforecasting nor underforecasting bias (i.e., it is unbiased) O Has both overforecasting and underforecasting bias

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