Question: PLEASE show thorough calculations on excel and excel formulas. Thank you! Problem 3-21 (Algo) Two different forecasting techniques (F1 and F2) were used to forecast

PLEASE show thorough calculations on excel andPLEASE show thorough calculations on excel andPLEASE show thorough calculations on excel andPLEASE show thorough calculations on excel and

PLEASE show thorough calculations on excel and excel formulas. Thank you!

Problem 3-21 (Algo) 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: 62 Period 1 2 3 4 5 6 7 Demand 68 75 70 74 69 72 80 78 000 W PREDICTED DEMAND F1 F2 67 69 68 72 70 66 70 72 65 76 74 79 74 85 73 01 8 Click here for the Excel Data File 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.) MAD F1 MAD F2 appears to be more accurate. d. 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.) MAPE F1 % MAPE F2 % appears to be more accurate. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 5 6 A Period 1 2 3 34 4 567 8 B Demand 68 75 70 74 69 72 80 78 C D PREDICTED F1 F2 62 67 69 68 72 70 66 70 73 72 65 76 74 79 74 85 E F G H

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