Please solve the below math in word/handwriting on paper. No excel format is acceptable.
Posted: Wed Apr 27, 2022 1:54 pm
Please solve the below math in word/handwriting on paper. No
excel format is acceptable.
3. Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: 68 68 Period Demand Demand Forecast Mi M2 1 68 66 66 2 75 3 70 72 70 4 74 71 72 5 72 74 6 72 70 76 69 i) Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? Explain. ii) Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate?
excel format is acceptable.
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