Question: 6 5 4 pons Two different forecasting tectiniques ( Fi wnd F 2 ) were used to forecast demand for cases of bottled water, Actual

654
pons Two different forecasting tectiniques (Fi wnd F2) were used to forecast demand for cases of bottled water, Actual demand and the lwo sets of forechsts tore ins follows.
Glick therellor the Excel Oatalile
a. Compute Mab for each set of forecasts. Glven your results, which lorecost appenes to be more accurate? Note: Round your answers to 1 decimal place.
\table[[MODFI],[MADF2]]
b. Compute the MSE for esch set of forecasts. Given your results, which forecast appears to be more accurate? Note: Round your answers to 2 decimal places.
\table[[MSEF1],[MSEF2]]
q,
C. In practice, either MAD or MSE would be employed to compute forecist errors. What factors might lead a managen to choose ond rather thon the other? q,
d. Compute MAPE for each data set. Which forecast appoars to bo moro oceurate? Note Round your intermedlate calculations and final answers to 2 decimal places.
\table[[MNPEF],[MNEEF]]
 654 pons Two different forecasting tectiniques (Fi wnd F2) were used

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