Question: Two independent methods o f forecasting based o n judgment and experience have been prepared each month for the past 1 0 months. The forecasts
Two independent methods forecasting based judgment and experience have been prepared each month for the past months. The forecasts and actual sales are follows:
Month Sales Forecast Forecast
Compute the MSE and MAD for each forecast. your answers decimal places.
MSE MAD
Forecast
Forecast
Compute MAPE for each forecast. your intermediate calculations decimal places and final answers decimal places.
MAPE
MAPE
Prepare a naive forecast for periods through using the given sales data. Compute each the following; MSE, MAD, tracking signal month and control your answers decimal places.
MSE
MAD
Tracking signal
Control
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