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The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand are provided below:

The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand are provided below:

MONTH

SALES

MODEL 1 FORECAST

MODEL 2 FORECAST

1

170

175

172

2

190

165

185

3

195

190

190

4

180

185

195

5

170

170

175

6

170

165

170

7

160

160

165

8

175

170

175

9

180

185

180

10

175

170

175

Compute the MAPE and RSFE for the two forecasting methods. Is RSFE a good forecasting accuracy measure?

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