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 (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two appears to be more accurate.
b. Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate?
Note: Round your answers to 2 decimal places. Either one might already be in use, familiar to users, and have past values for comparison. If
are used, MSE would be natural; if
are used, Mt
d. Compute MAPE for each data set. Which forecast appears to be more accurate?
Note: Round your intermediate calculations and final answers to 2 decimal places.
appears to be more accurate.
sets of forecasts are as follows:
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?
Note: Round your answers to 1 decimal place.
 Two different forecasting techniques (F1 and F2) were used to forecast

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