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Two different forecasting techniques were used to forecast demand for cases of bottled water in a store. Actual demand and the two sets of forecasts
Two different forecasting techniques were used to forecast demand for cases of bottled water in a store. Actual demand and the two sets of forecasts for seven periods are as follows: Period 1 2 3 4 5 6 7 F1 F2 Demand 66 6 3 70 72 7 70 73 (Click to select) # 73 F1 F2 67 Forecast Demand F1 69 69 70 70 71 71 71 2681 69 77 71 F2 71 67 a-1. Calculate the MAD for each set of forecasts. (Round the final answers to 2 decimal places.) 67 72 a-2. Which technique appears to be more accurate? b-1. Calculate the MSE for each set of forecasts. (Round the final answers to 2 decimal places.) d F2) foreca analysis ere... foreca te demanc es (F1 sed to fc
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