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Business, 12.10.2020 14:01 kaziyahf2006

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: PREDICTED DEMAND

Period Demand F1 F2
1 68 63 66
2 75 70 67
3 70 75 70
4 74 69 72
5 69 70 73
6 72 68 75
7 80 70 77
8 78 74 84

Required:
Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate

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Answers: 3

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