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?

Question

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?

Quizplus · Accepted Answer

The Answer of 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?

The Following Table Shows Actual Sales Values and Forecasts Provided