Question: 6 5 4 pons Two different forecasting tectiniques ( Fi wnd F 2 ) were used to forecast demand for cases of bottled water, Actual
pons Two different forecasting tectiniques Fi wnd F 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 decimal place.
tableMODFIMADF
b Compute the MSE for esch set of forecasts. Given your results, which forecast appears to be more accurate? Note: Round your answers to decimal places.
tableMSEFMSEF
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?
d Compute MAPE for each data set. Which forecast appoars to bo moro oceurate? Note Round your intermedlate calculations and final answers to decimal places.
tableMNPEFMNEEF
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