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
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 2 decimal places.
Answer is complete and correct.
Answer is complete and correct.
F1
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.
Answer is complete but not entirely correct.
Two different forecasting techniques (F1 and F2) were used to forecast

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