Question: Problem 3-21 Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets

Problem 3-21 Two different forecasting techniques

Problem 3-21 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: Period 1 2 3 4 5 6 7 8 Demand 68 75 70 74 69 72 80 78 PREDICTED DEMAND F1 F2 64 63 68 60 75 70 65 67 73 76 70 74 74 75 75 85 a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal place.) MAD F1 MAD F2 (Click to select) appears to be more accurate. d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your final answers to 2 decimal places.) MAPE F1 MAPE F2 (Click to select) ) appears to be more accurate

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