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21. Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of
21. Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: Chapter Three Forecasting 3 4 74 PREDICTED DEMAND Period Demand F1 F2 1 68 66 66 2 75 68 68 70 72 70 71 72 5 69 72 74 72 70 76 7 80 71 78 78 74 80 a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? Explain. 6 8
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