Question: Different forecasting techniques were used to forecast demand for an item. The actual demand and the two sets of forecasts are as follows: Actual Demand

Different forecasting techniques were used to forecast demand for an item. The actual demand and the two sets of forecasts are as follows:

Actual Demand Forecast Using Method 1 Forecasting Using Method 2
80 74 83
75 78 85
90 87 91
95 90 95
100 103 98
138 128 108

Compute the MAD for each forecasts. Which forecast appears to be most accurate?

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