Question: Two different forecasting techniques ( F 1 and F 2 ) were used to forecast demand for cases of bottled water. Actual demand and the
Two different forecasting techniques Fand Fwere used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: bCompute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate? Note: Round your answers to mathbfdecimal places. dCompute MAPE for each data set. Which forecast appears to be more accurate? Two different forecasting techniques F and F 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? Note: Round your answers to backslashbackslash mathbfbackslash decimal places.
d Compute MAPE for each data set. Which forecast appears to be more accurate?
Note: Round your intermediate calculations to decimal places and and final answers to backslashbackslash mathbf backslash decimal places.
Two different forecasting techniques F and F were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: Compute MAPE for each data set. Which forecast appears to be more accurate?
Note: Round your intermediate calculations to decimal places and and final answers to decimal places.
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