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 (F1 and F2) 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 F1.
MAE: [ Select ]
RMSE:
MAPE: [ Select ]
(ii) Compute MAE, RMSE, and MAPE for forecasting method F2.
MAE: [ Select ]
RMSE: [ Select ]
MAPE: [ Select ]
(iii) Based on your calculations, which forecasting method appears to be more accurate?
 Two different forecasting techniques (F1 and F2) were used to forecast

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