Question: Problem 3 - 2 1 ( Static ) Two different forecasting techniques ( F 1 and F 2 ) were used to forecast demand for
Problem Static
Two different forecasting techniques F and F were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows:
PREDICTED DEMAND
Period Demand F F
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Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? Round your answers to decimal place.
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