Question: Problem 3 - 2 1 ( Algo ) Two different forecasting techniques ( F 1 and F 2 ) were used to forecast demand for

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:
\table[[,,PREDICTED DEMAND],[Period,Demand,F1,F2],[1,68,62,67],[2,75,69,68],[3,70,72,70],[4,74,66,70],[5,69,73,72],[6,72,65,76],[7,80,74,79],[8,78,74,85]]
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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.)
Answer is not complete.
\table[[,],[MAD F1,],[MAD F2,]]
Answer is complete and correct.
F2
appears to be more accurate.
 Problem 3-21(Algo) Two different forecasting techniques (F1 and F2) were used

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