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 1 2 3 Forecast 1 820 830 830 800 Sales 835 840 810 800 770 840 820 845 790 820 4 5 6 B 9 10 770 770 Forecast 2 760 795 795 820 790 781 810 845 805 850 775 330 790 840 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) MI MAD Forecast 1 Forecast 2 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimat places.) HAPET HOWE 12 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. (Round your answers to 2 decimal places.) 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. (Round your answers to 2 decimal places.) MSE MAD Tracking signal Control limits

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