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: a-1. Calculate the MAD for each set of forecasts. (Round the final answers to 2 decimal places.) a-2. Which technique appears to be more atsurate? b-1. Calculate the MSE for each set of forecasts. (Round the final answers to 2 decimal places.)
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