Question: Two different forecasting techniques (F-1 and F ) were used to forecast demand for cases of bottled water. Actual demand and the two sets of

sets of forecasts are as follows: Click here for the Exrel Data

Two different forecasting techniques (F-1 and F ) 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 Exrel Data File o. Compute MAD for each set of forecasts. Given your results, which forecast appears to be mote accurate? (Round your answers to 2 decimol pleces.) b. Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your onswers to 2 decimal places.) in practice, either MAD or MSE would be employed to compute forecast errors. What lactors might lead a mariager to choose one ather than the other? Iare inced Mig meser be nature at d. Compute MNPE for each data set. Which forecast appears to be more accuiate? (Round your intermediote calculotions to 2 decimal places and and final answers to 2 decimal places.)

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