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Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales
Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 840 800 760 2 845 785 835 3 840 840 860 4 835 810 815 5 775 810 795 6 845 780 816 7 810 785 780 8 855 810 835 9 785 835 830 10 820 860 825 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) MSE MAD Forecast 1 1802.50 Forecast 2 1189.10
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