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: TTTT PREDICTED DEMAND Period Demand F1 F2 1 68 63 66 2 75 70 67 70 75 70 74 69 72 69 70 73 72 68 75 80 70 77 78 74 84 Click here for the Excel Data File a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal places.) MAD F1 MAD F2
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: TTTT PREDICTED DEMAND Period Demand F1 F2 1 68 63 66 2 75 70 67 70 75 70 74 69 72 69 70 73 72 68 75 80 70 77 78 74 84 Click here for the Excel Data File a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal places.) MAD F1 MAD F2
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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