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Two different forecasting techniques (F1 and F2 ) were used to forecast demand for cases of bottled water. Actual demand and the two sets of

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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 a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to decimal places.) b. Compute the MSE for each set of forecasts. Glven your tesults, which forecost appetats to be more accurate? (Round your answers to 2 decimal places.) c. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manages to choose one rather than the other? 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? Eitiar one might already be in use, familiar to usees, and have past valuee for compartion. if 1. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations to 2 ecimal places and and final answers to 2 decimal places.)

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