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The Following Table Shows Actual Sales Values and Forecasts Provided

Question 27

Essay

The following table shows actual sales values and forecasts provided by two different methods.
The following table shows actual sales values and forecasts provided by two different methods. a. Calculate the MAD for each method. b. Calculate the MSE for each method. c. Which method forecasts better? a. Calculate the MAD for each method.
b. Calculate the MSE for each method.
c. Which method forecasts better?

Correct Answer:

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a. MAD (Method 1) = 7.112
MAD ...

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