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 forecasts
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 F F
b Calculate the MSE for each set of forecasts. Round the final answers to decimal places.
F
F
b Which technique appears to be more accurate?
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