Question: The forecasts generated by two forecasting methods and actual sales are as follows: (a) Compute the MSE, the MAD, the MAPE, the RSFE and the

The forecasts generated by two forecasting methods and actual sales are as follows:

The forecasts generated by two forecasting methods and actual sa

(a) Compute the MSE, the MAD, the MAPE, the RSFE and the tracking signal for each forecasting method. Which method is better?Why?

MONTH SALES FORECAST1 275 290 FORECAST2 292 270 268 261 271 274 269 260 275 275

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a The forecasts MSE MAD and MAPE are shown below Tracking signal 1 RSFE 1 MAD 1 6234 6 21 14588 1758... View full answer

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