Question: Problems 4 - 6 are as follows: Two different forecasting techniques ( Forecast 1 and Forecast 2 ) were used to forecast demand for cases
Problems are as follows: Two different forecasting techniques Forecast and Forecast were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows. Round to decimal places Predicted Demand Month Actual Demand Forecast Forecast Do not round intermediate calculations. If necessary, round the final answer to decimal places. Problem : Compute the MSE for Forecast Problem : Compute the MSE for Forecast Problem : Which forecast is more precise?
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