Question: Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months The forecasts and actual sales

Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months The forecasts and actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 835 830 815 2 845 3 820 830 840 805 4 790 820 795 840 5 810 810 6 830 819 776 7 785 795 785 8 835 830 775 9 815 785 815 10 835 820 795 775 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. MSE MAD 537.50 20.50 Forecast 1 Forecast 2 537 50 29.40 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) Answer is complete and correct. MAPE F1 MAPE F2 2.5049 3.5560 % % c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following: () MSE, (2)MAD. (3) tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Answer is not complete. 29.40 MSE MAD Tracking signal Control limits 0 1

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