ces Problem 3-21 (Algo) Two different forecasting techniques (F1 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 67 65 2 75 72 64 70 72 70 74 67 70 69 75 74 6 72 67 79 7 80 74 77 8 78 73 81 Click here for the Excel Data File a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal places.) MAD F1 23.13 ***** MAD F2 29.75 mas appears to be more accurate. 3 4 5 F1 ter 3 Homework 0 6 b. Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal places) www M MSE F2 Appears to be more accurate e in practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than the other? MOE be d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations to 2 date and and so dit teen