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 2 3 Demand 68 75 70 74 69 72 00 78 MAD F1 MAD F2 PREDICTED DEHAND F2 66 FI 66 68 72 71 72 70 71 74 68 70 72 74 76 78 80 Click here for the Excel Data File Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1 decimal place.) appears to be more accurate : 4
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 2 3 Demand 68 75 70 74 69 72 00 78 MAD F1 MAD F2 PREDICTED DEHAND F2 66 FI 66 68 72 71 72 70 71 74 68 70 72 74 76 78 80 Click here for the Excel Data File Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1 decimal place.) appears to be more accurate : 4
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
please solve all parts within 30 minutes.
![DRE
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
2
3
4
5
6
7
8
Demand
68
75
MAD F1
MAD F2
70
74
69
72
80
78
MSE F1
MSE F2
PREDICTED DEHAND
F2
66
68
70
72
F1
66
68
72
71
72
70
71
74
Click here for the Excel Data File
Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1
decimal place.)
74
76
78
80
appears to be more accurate
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.)
4
appears to be more accurate](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F951f2231-86e9-407d-a37c-7af21b435d5e%2Ff4ae5300-cd32-4550-9185-c57aa96472cc%2Fjhhsu1u_processed.png&w=3840&q=75)
Transcribed Image Text:DRE
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
2
3
4
5
6
7
8
Demand
68
75
MAD F1
MAD F2
70
74
69
72
80
78
MSE F1
MSE F2
PREDICTED DEHAND
F2
66
68
70
72
F1
66
68
72
71
72
70
71
74
Click here for the Excel Data File
Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1
decimal place.)
74
76
78
80
appears to be more accurate
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.)
4
appears to be more accurate
![d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations and final
answers to 2 decimal places.)
MAPE F1
MAPE F2
%
%
appears to be more accurate](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F951f2231-86e9-407d-a37c-7af21b435d5e%2Ff4ae5300-cd32-4550-9185-c57aa96472cc%2Fzxeiphn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations and final
answers to 2 decimal places.)
MAPE F1
MAPE F2
%
%
appears to be more accurate
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