Question: Two different forecasting techniques were used to forecast demand for cases of bottled water in a store. Actual demand and the two sets of

Two different forecasting techniques were used to forecast demand for cases of

Two different forecasting techniques were used to forecast demand for cases of bottled water in a store. Actual demand and the two sets of forecasts for seven periods are as follows: Forecast Demand Period Demand F1 F2 1 66 69 69 2 75 70 72 3 69 70 70 4 71 71 68 5 68 71 71 6 71 72 69 7 74 72 71 a-1. Calculate the MAD for each set of forecasts. (Round the final answers to 2 decimal places.) F1 F2 a-2. Which technique appears to be more accurate? (Click to select) b-1. Calculate the MSE for each set of forecasts. (Round the final answers to 2 decimal places.) F1 F2

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