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Question 1 Determine the error for each of the following forecasts . Compute MAD and MSE . Period Value Forecast Error 1 2 3 4 5 6 7 8 9 10 11 Question 2 202 — — 191 202 173 192 169 181 171 174 175 172 182 174 196 179 204 189 219 198 227 211 The U . S . Census Bureau publishes data on factory orders for all manufacturing , durable goods , and nondurable goods industries . Shown here are factory orders in the United States over a 13-year period ($ billion ). 1 . Usethesedatatodevelopforecastsfortheyears6through13usinga5- yearmovingaverage . 2 . Usethesedatatodevelopforecastsfortheyears6through13usinga5-yearweighted moving average . Weight the most recent year by 6 , the previous year by 4 , the year before that by 2 , and the other years by 1 . 3 . Compute the errors of the forecasts in parts ( a ) and ( b ) and then the MAD . Which forecast is better ? 1 . 1 2,512.7 2 . 2 2,739.2 3 . 3 2,874.9 4 . 4 2,934.1 5 . 5 2,865.7 6 . 6 2,978.5 7 . 7 3,092.4 8 . 8 3,356.8 9 . 9 3,607.6 10 . 10 3,749.3 11 . 11 3,952.0