Question: need detailed solution with all formula and everything. thanks Different forecasting techniques were used to forecast demand for an item. The actual demand and the

need detailed solution with all formula and

need detailed solution with all formula and everything. thanks

Different forecasting techniques were used to forecast demand for an item. The actual demand and the two sets of forecasts are as follows: (8 Marks) Actual Demand Forecast Using Method 1 Forecast Using Method 2 320 296 300 310 348 330 340 364 380 360 380 360 410 400 390 430 550 510 Compute the MAD for each set of forecasts. Which forecast appears to be most accurate

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