Question: ltraPure used two different techniques ( F 1 and F 2 ) to forecast demand for cases of bottled water. Actual demand and the two

ltraPure used two different techniques (F1 and F2) to forecast demand for cases of bottled water.
Actual demand and the two sets of forecasts are in the table below.
PREDICTED DEMAND
Period Demand F1 F2
1686562
2756565
3707470
4746971
5697276
6726874
7807375
8787582
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.)
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.)
c. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations to 2 decimal places and and final answers to 2 decimal places.)

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