The management of an insurance company monitors the number of mistakes made by telephone service representatives for a company they have subcontracted with. The number of mistakes for the past several months appears in this table along with forecasts for mistakes.

Period Actual Forecast

1 26 25

2 31 32

3 45 42

4 50 53

5 70 64

Type your answers for the following 5 questions in the box below. Use capital letters and no spaces. Example: ABCDA

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What is the forecast error for month 4?

a. 1

b. -1

c. 3

d. -3

What is the absolute forecast error for month 4?

a. 1

b. -1

c. 3

d. -3

Using data from the above table, what is the CFE for periods 1-5 for the forecast?

a. less than or equal to 2

b. greater than 2 but less than or equal to 5

c. greater than 5 but less than or equal to 8

d. greater than 8

Using data from the above table, what is the MAD for periods 1-5 for the forecast?

a. less than or equal to 2

b. greater than 2 but less than or equal to 5

c. greater than 5 but less than or equal to 8

d. greater than 8

Using data from the above table, what is the MSE for periods 1-5 for the forecast?

a. less than 5

b. greater than or equal to 5 but less than 10

c. greater than or equal to 10 but less than 15

d. greater than or equal to 15