Question: The forecasts generated by two forecasting methods and the actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 269 275 268 2

The forecasts generated by two forecasting methods and the actual sales are as follows:

Month

Sales

Forecast 1

Forecast 2

1

269

275

268

2

289

266

287

3

294

290

292

4

278

284

298

5

268

270

274

6

269

268

270

7

260

261

259

8

275

271

275

Compute the MSE, the MAD, the MAPE, the RSFE, and the Tracking Signal for each method. Which method is better? Why?

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