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: Period Demand 1 5678AWNH 2 3 4 68 7万 70 74 69 72 80 78 75 PREDICTED DEMAND F2 64 62 70 73 76 79 79 80 F1 62 66 71 67 73 67 " 73 77

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: Period Demand 1 5678AWNH 2 3 4 68 7万 70 74 69 72 80 78 75 PREDICTED DEMAND F2 64 62 70 73 76 79 79 80 F1 62 66 71 67 73 67 " 73 77

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

100%

It say wrong answer

b. Compute the MSE for each set of forecasts. Given
your results, which forecast appears to be more
accurate? (Round your answers to 2 decimal places.)
MSE F1
MSE F2
32.25
36.13

Problem 3-21 (Algo)
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:
Period
12345678
PREDICTED DEMAND
Demand
68 75 70 74 69 72 80 78
264 62 70 73 76 79 79 80
57 73 77
F1
62
66
71
67
73
67
F2

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