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 F and F 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 F F
a Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? Round your answers to 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 decimal places.
c Compute MAPE for each data set. Which forecast appears to be more accurate? Round your intermediate calculations to decimal places and and final answers to decimal places.
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