Question: We test three forecasting methods and after observing the actual values, we get the following error measures: Method 1: ME = -10.18 ; MSE =

We test three forecasting methods and after observing the actual values, we get the following error measures:

Method 1: ME = -10.18 ; MSE = 100.80

Method 2: ME = -2.8 ; MSE = 50.24

Method 3: ME = 1.5 ; MSE = 150.98

If we prefer a forecasting method with the least bias, which model is the most favorable?

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