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Please answer the following questions Two different forecasting techniques ( F1 and F2 ) were used to forecast demand for cases of bottled water. Actual
Please answer the following questions
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: Click here for the Excel Data File Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal pleces.) An electrical contractor's records during the last five weeks indicate the number of job requests: Click here for the Excel Data File Predict the number of requests for week 6 using each of these methods: a. Naive. b. A four-period moving average. (Round your answer to 2 declmal pleces.) c. Exponential smoothing with =0.15. Use 25 for week 2 forecast. (Round your lntermedlate forecest values and flnal answers to 2 declmal pleces.)Step by Step Solution
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