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: Month 1 2 3 4 5 6 7 8 9 10 Hamin 000 Sales 845 835 850 850 780 825 775 835 835 800 Forecast 1 795 805 795 825 780 770 795 800 790 845 Forecast 2 805 795 855 800 795 801 765 800 805 855 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) MSE MAD Forecast 1 Forecast 2 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) % MAPE F1 MAPE F2 % 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 0+

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