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 | 830 | 810 | 800 |
| 2 | 835 | 835 | 790 |
| 3 | 815 | 835 | 830 |
| 4 | 845 | 795 | 830 |
| 5 | 795 | 810 | 810 |
| 6 | 840 | 775 | 786 |
| 7 | 765 | 770 | 780 |
| 8 | 830 | 835 | 830 |
| 9 | 785 | 780 | 810 |
| 10 | 800 | 835 | 795 |
b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.)
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