Question: 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

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:

PREDICTED DEMAND
Period Demand F1 F2
1 68 67 60
2 75 66 62
3 70 73 70
4 74 66 72
5 69 74 75
6 72 70 75
7 80 71 76
8 78 75 85

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.)

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