Question: help! these are incorrect! Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the
help! these are incorrect!
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: Period 1 2 3 4 5 6 7 B. Demand 68 75 70 74 69 72 80 78 PREDICTED DEMAND 11 12 66 66 68 68 72 70 71 72 72 74 70 76 71 78 74 BO Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1 decimal place.) Answer is complete but not entirely correct. MAD F1 MAD F2 4.8 3.8 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.) Answer is complete but not entirely correct. MSE F1 MSE F2 6.48 5.13 d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations and final answers to 2 decimal places.) Answer is complete but not entirely correct. MAPE F1 26.69 26.90 % % MAPE F2



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