Question: Problem 3: (6 Points) Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the

Problem 3: (6 Points) Two different forecasting

Problem 3: (6 Points) 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: PREDICTED DEMAND Period Demand 74 (a). Compute MAD for each set of forecasts. Given your results, which forecast appears more accurate? Explain. (b). Compute the MSE for each set of forecasts. Given your results, which forecast appe more accurate? (C). Compute MAPE for each data set. Which forecast appears to be more accurate

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