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Please show do in excel and show the excel sheet with the formulas and how you got the answers! Two different forecasting techniques ( F
Please show do in excel and show the excel sheet with the formulas and how you got the answers!
Two different forecasting techniques F and F were used to forecast sales. Actual sales and the two sets of forecasts
are as follows:
Period
Actual Sales
F
F
a Compute MAD for each forecasting technique. Which forecasting technique is more accurate based on the
MAD criterion?
b Compute the MSE for each set of forecasts. Which forecasting technique is more accurate based on the MSE
criterion?
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