Question: Back Problem 7 a ) Using MAD as a criterion, which of these techniques yields the best forecast? b ) What is the MAD value

Back Problem 7 a) Using MAD as a criterion, which of these techniques yields the best forecast? b) What is the MAD value for the best forecasting technique? \begin{tabular}{|c|c|c|c|c|}\hline \multicolumn{2}{|c|}{} & \multicolumn{3}{|c|}{ Forecast }\\\cline {2-5} Month & \begin{tabular}{l} Actual \\ Demand \end{tabular} & Technique 1 & Technique 2 & Technique 3\\\hline 1 & 489 & 498 & 489 & 489\\\hline 2 & 475 & 494 & 475 & 475\\\hline 3 & 490 & 481 & 490 & 490\\\hline 4 & 465 & 480 & 465 & 465\\\hline 5 & 487 & 497 & 487 & 487\\\hline 6 & 492 & 477 & 492 & 492\\\hline \end{tabular}

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