Question: Two different forecasting techniques ( F and F2 ) were used to forecast demand for cases of bottled water. Actual demand and the two sets

two sets of forecasts are as follows: Click here for the Excel

Two different forecasting techniques ( F 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? (Round your answers to 2 decimal places.) b. Compute the MSE for each set of forecasts Given your results, which forecast appears to be more accurate? \&Round your answers to 2 decimal places.) c. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than the other? d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations to 2 decimal places and and final answers to 2 decimal places.)

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