Question: Two different forecasting techniques ( F 1 and F 2 ) were used to forecast demand for cases of bottled water. Actual demand and the

and the two sets of forecasts are as follows: b. Compute the

MSE for each set of forecasts. Given your results, which forecast appears

Two different forecasting techniques ( F 1 and F 2 ) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: 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.) 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.) F2 F2 F1 None

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