Question: The following table includes reported forecast error measures from different forecasting methods? Based on Mean Absolute Percent Error (MAPE), which method is the SECOND BEST?

The following table includes reported forecast error measures from different forecasting methods? Based on Mean Absolute Percent Error (MAPE), which method is the SECOND BEST? Forecast.Method CFE MSE MAD MAPE Trend 0.000 28.995 4.472 11.85% Simple Moving Average (3 period) 23.510 67.238 6.381 14.48% Weighted Moving Average (0.6.0.2, 0.2) 52. 158 66.309 6.343 14 24% Exponential Smoothing (alpha=0.3) 87 317 88.619 6.739 15.21% Weighted Moving Average (0.6.0.2.0.2) Exponential Smoothing (alpha=0.8) Trend Simple Moving Average (3 period)

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