Question: Two forecasting methods were used to forecast the next 12 quarters. The forecasts and actuals for each quarter are given in the table below. Compute

Two forecasting methods were used to forecast the

Two forecasting methods were used to forecast the next 12 quarters. The forecasts and actuals for each quarter are given in the table below. Compute the Mean Absolute Percentage Error for each method (to one decimal point). Which statement is correct? Actuals Method 1 Method 2 57 61 45 Q1 Q2 41 61 45 Q3 32 61 45 Q4 39 61 45 O MAPE1 is 50.7% and MAPE 2 is 21.7%, the second method is more accurate O MAPE1 is 56.4% and MAPE 2 is 15.4%, the second method is more accurate O MAPE1 is 30.7% and MAPE 2 is 19.4%, the second method is more accurate O MAPE1 is 50.9% and MAPE 2 is 63.8%, the first method is more accurate

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