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The company management is considering the performance of two forecasting methods proposed by the demand analyst team ( Method A and Method B ) .

The company management is considering the performance of two forecasting methods proposed by the demand analyst team (Method A and Method B). The table below shows the actual demand data and the forecasting results given by both methods.
Period Demand Forecasting Result (unit)
Actual (unit) Method A Method B
110810698
2115108100
3110110112
4114112114
5109114112
6112116100
7120118111
811812098
a. Compare the performance of forecasting methods A and B using the criteria that you think are appropriate. Explain your answer, especially on the aspects of criteria selection and comparison results.
b. Propose a time series forecasting method (along with its parameters) that can provide better performance than methods A and B. Use the same performance evaluation criteria that you chose in a.

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