Question: SHOW WORK PLS Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two
SHOW WORK PLS
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 2 Demand 68 75 20 74 69 72 80 PREDICTED DEMAND F2 64 63 68 75 70 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 places.) MAD F1 MAD F2 appears to be more accurate
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