Question: SHOW ALL WORK PLS Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the

SHOW ALL WORK PLS
SHOW ALL WORK PLS Two different forecasting
SHOW ALL WORK PLS Two different forecasting
SHOW ALL WORK PLS Two different forecasting
SHOW ALL WORK PLS Two different forecasting
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 Demand 68 75 70 74 69 72 80 PREDICTED DEMAND P2 63 60 75 70 65 67 73 76 70 74 74 75 75 85 78 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.) MAD F1 MAD F2 appears to be more accurate, Er one might be the d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations th 2 decimal places and and final answers to 2 decimal places.) MAPE F1 MAPE F2 % % appears to be more accurate, Seved Help b. Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal places.) MSE F1 MSE F2 appears to be more accurate. c. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a monngut to choose one rather than the other? the one ready be in a fair to users and have past was formaison MOE be

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