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

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: b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) Month Sales Forecast 1 Forecast 2 1 845 805 780 2 830 820 785 840 790 840 860 800 855 5 780 275 815 850 805 806 7 770 760 765 8 855 800 810 9 795 800 790 10 830 815 785 % MAPE F1 MAPE F2 % a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) () MSEMAD Forecast 1 Forecast 2 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. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) MSE MAD Tracking signal Control limits b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) Ot MAPE F1 MAPE F2 % 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: b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) Month Sales Forecast 1 Forecast 2 1 845 805 780 2 830 820 785 840 790 840 860 800 855 5 780 275 815 850 805 806 7 770 760 765 8 855 800 810 9 795 800 790 10 830 815 785 % MAPE F1 MAPE F2 % a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) () MSEMAD Forecast 1 Forecast 2 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. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) MSE MAD Tracking signal Control limits b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) Ot MAPE F1 MAPE F2 %

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