The Actual Demand for a Product and the Forecast for the Product

Essay

The actual demand for a product and the forecast for the product are shown below. Calculate MAD and MSE. Show all of your computations. $$\begin{array} { l l l } \text { Observation } & \text { Actual Demand } ( A ) & \text { Forecast } ( F ) \\1 & 35 & \cdots \\2 & 30 & 35 \\3 & 26 & 30 \\4 & 34 & 26 \\5 & 28 & 34 \\6 & 38 & 28\end{array}$$