Business, 02.03.2020 21:22 arielpraczko1

Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows:

Month Sales Forecast 1 Forecast 2
1 845 775 805
2 835 805 815
3 820 795 790
4 835 800 800
5 770 820 780
6 845 795 786
7 775 765 795
8 830 830 835
9 790 815 820
10 855 810 810

Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following; (1) MSE, (2) MAD, (3) tracking signal at month 10, and (4) 2s control limits. (Round your intermediate calculations and final answers to 2 decimal places.)

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