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C. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than
C. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than the other?
21. Two different forecasting techniques (FI and F2) were used to forecast demand for Page cases of bottled water. Actual demand and the two sets of forecasts are as follows: PREDICTED DEMAND Period Demand F1 F2 1 68 66 66 2 75 68 68 3 70 72 70 4 74 71 72 5 69 72 74 6 72 70 76 7 80 71 78 00 8 78 74 80 Step by Step Solution
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