Question: 21. Two different forecasting techniques (FI and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of

21. Two different forecasting techniques (FI and
21. Two different forecasting techniques (FI and
21. Two different forecasting techniques (FI and
21. Two different forecasting techniques (FI and
21. Two different forecasting techniques (FI and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: PREDICTED DEMAND Period Demand F1 F2 1 68 66 2 75 68 3 70 70 4 74 72 16 8 RANTA 5 69 74 6 72 76 7 80 78 8 78 80 What is the MAD for forecast technique 1? What is the MSE for forecast technique 2? What is the MAPE for forecast technique 12 (Please use decimal format with 4 digits after the decimal point.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!