Part 3: Answer the questions below

(forecast errors below are based on different data than that shown above)

		Forecast A	Forecast B	Forecast C
	CFE	22	-2.2	15
	MAD	11.5	14.5	12.6
	MSE	177	149	-156
	MAPE	0.11	0.21	0.16
Question 1: Which measure of forecast error is incorrect. Identify the mistake by indicating both
	the measure of forecast error and the specific forecast (A, B, or C)
Question 2: Which forecast (A, B, or C) has the largest squared errors?
Question 3: Which forecast (A, B, or C) is the least 'biased'?