(Solution) - The forecasts generated by two forecasting methods and actual sa -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The forecasts generated by two forecasting methods and actual sales are as follows:

(a) Compute the MSE, the MAD, the MAPE, the RSFE and the tracking signal for each forecasting method. Which method is better?Why?