Question: Based on the chart below, which forecast is better? What is the MAD for forecast 1 and forecast 2 respectively? Keep two decimals in

Based on the chart below, which forecast is better? What is the

Based on the chart below, which forecast is better? What is the MAD for forecast 1 and forecast 2 respectively? Keep two decimals in your final solution. Forecast 1 Forecast 2 Period Demand 1 29 20 20 36 2 38 26 40 3 37 38 49 Forecast 1 is better; MAD for F1-6.67; MAD for F2=7; Forecast 1 is better; MAD for F1-6.67; MAD for F2=-7; Forecast 1 is better; MAD for F1-7.33; MAD for F2-7; None of the answers is correct; Forecast 2 is better; MAD for F1-7.33; MAD for F2=7;

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