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: Sales 840 Month 1 2 3 Forecast 1 800 805 Forecast 2 770 800 830 830 840 835 790 4 820 795 5 775 790 795 6 765 811 845 765 7 770 765 8 840 820 790 9 815 835 850 10 795 840 795 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 Forecast 434.54 X 28.50 1 Forecast 434.54 X 24.90 2

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