rephrase the following into a well written and relevant paragraph: Q1. Shown in Table 7.3. Forecast the monthly demand for Year 6 using the static method for forecasting. Evaluate the bias, TS, MAD, MAPE, and MSE. Evaluate the quality of the forecast. A1. The TS stays within 2 for most of the forecast with only 3 spikes, which shows a constant close to zero. The BIAS has a similar rate of error with only 3 spikes outside of the normal range of the forecast, BIAS remains near zero on average. The MAD gives us the best error forecasting quality with 20 in year 5 followed by TS with .36. MSE which doubles the penalty with a higher error rate gives us the least