Question: t/map/index.html?_conacon&external_browser=0&launchUrl=https%253A% 252Flms.mheducation.com%252Fmghmiddlewa lule 7 (Chapter 3) - Homework Seved Hel Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of

t/map/index.html?_conacon&external_browser=0&launchUrl=https%253A% 252Flms.mheducation.com%252Fmghmiddlewa lule 7 (Chapter 3) - Homework Seved Hel 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 Demand 68 75 70 74 69 72 80 78 PREDICTED DEMAND F1 F2 61 66 72 66 73 70 70 73 75 77 67 73 72 76 75 80 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.) MAD F1 MAD F2 Coux.html %252Fims.meducation.com%252Fmghmiddleware Module 7 (Chapter 3) -- Homework Saved 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, County Tax.html Nemoved IMG_3182. Orig...jpg odax IMG_3181 orig.jpg IMG_3179. Orig....jpg ..mheducation.com/ext/map/index.html?_con con&external browser Blaunchurlehttps%253A%252F%252Fims.mheducation.com%252Fmghmiddleware%252Fmhep... * Module 7 (Chapter 3) - Homework Saved Help Save & Exit Sub Check my wor c. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than the other? Either one might already be in use, familiar to users, and have past values for comparison. If are used, MSE would be natural; are used, MAD d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations to 2 decimal places and and final answers to 2 decimal places.) MAPE F1 MAPE 2 % IMG_3179 Orig.jpg IMG_3181 Orig Jpg IMG_3182 Origi...Jpg County Tax.html Removed 12

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