Question: Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 1 0 months. The forecasts and actual

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:
a. Compute the MSE and MAD for each forecast. Does either forecast seem superior? Explain.
b. Compute MAPE for each forecast.
c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of
the following; (1) MSE, (2) MAD, (3) tracking signal at month 10, and (4)2s control limits. How
do the naive results compare with the other two forecasts?
Two independent methods of forecasting based on judgment and experience have

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