Solve the below:
Q: Your manager has come to you with the following: data, showing actual demand for five periods and forecast results for two different models. Calculate the MFE, MAD, and MAPE for these models.
1. The MFE value for the forecast Model 1 is ____ ?
2. The MAD value for the forecast Model 1 is_____ ?
3. The MAPE value for the forecast Model 1 is ___%.
4. The MFE value for the forecast Model 2 is ___
5. The MAD value for the forecast Model 2 is ____
6. The MAPE value for the forecast Model 2 is ____%
