Question: Two different forecasting techniques ( F 1 and F 2 ) were used to forecast the demand for cases of bottled water. The actual demand
Two different forecasting techniques and were used to forecast the demand for cases
of bottled water. The actual demand and the two sets of forecasts are given in the Excel file
i Compute MAE, RMSE, and MAPE for forecasting method F
MAE: Select
RMSE:
MAPE: Select
ii Compute MAE, RMSE, and MAPE for forecasting method F
MAE: Select
RMSE: Select
MAPE: Select
iii Based on your calculations, which forecasting method appears to be more accurate?
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