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Which statement accurately summarizes the interpretation of Mean Absolute Deviation ( MAD ) and Mean Squared Error ( MSE ) in forecasting? Group of answer

Which statement accurately summarizes the interpretation of Mean Absolute Deviation (MAD) and Mean Squared Error (MSE) in forecasting?
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MAD focuses on minimizing large errors, while MSE prioritizes minimizing small errors.
MAD highlights significant forecasting errors, while MSE operates as a meticulous accountant, diligently correcting minor discrepancies in the data.
A lower MAD/MSE indicates a better forecasting accuracy.
A higher MAD/MSE suggests a stronger fit of the forecasting model to the data.

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