Business, 22.08.2020 19:01, 10040813

Consider the following data set: Month Actual Sales Forecast 1 Forecast 2
1 777 771 769
2 789 785 787
3 794 790 792
4 780 784 798
5 768 770 774
6 779 768 770
7 760 761 759
8 785 771 775
9 786 784 788
10 791 788 788
a. Calculate MAD and MSE for each forecast (forecast 1 and forecast 2).
b. Calculate MAPE for each forecast (forecast 1 and forecast 2).

Answers: 3

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Consider the following data set: Month Actual Sales Forecast 1 Forecast 2
1 777 771 769