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DO 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 66 63 2 75 72 64 3 70 75 70 4 74 66 71 5 69 74 73 6 72 67 73 7 80 72 77 8 78 70 84 a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal place.) MAD F1 MAD F2 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.) MSE F1 MSE F2 appears to be more accurate. c. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than the other? Either one might already be in use, familiar to users, and have past values for comparison. If are used, MSE would be natural; if are used, MAD would be more natural. d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations to 2 decimal places and and final answers to 2 decimal places.) MAPE F1 MAPE F2
Michael Plumb's job shop has four work areas, A, B, C, and D. Distances in feet between centers of the work areas are: A B C D A - 4 9 7 B - - 6 8 C - - - 10 D - - - - means the pr
Security Services, Inc. and Redline Protectors were the two predominant providers of home alarm systems in the Dallas area. They had become the two big businesses after the smaller
Q1. What are some examples of a negotiation script for a job Q2. Lori Cook produces "Final Exam Care Packages" for resale by her sorority. She is currently working a total of 5
Maurice Mickle white has decided to replant his garden. Show him what the cost is of making an erroneous decision at various stages of the project, starting with conceptual design
What are the major options for appraisal of employees? Discuss each option, identifying the one that you think is "Best", and why you chose that option
• Describe key elements required to provide proper healthcare from financial and operative perspectives, while maintaining focus on disbursements of healthcare services. • The p
Can someone PLEASE help get me started... Theories of management originated in the early 1900's. They have influenced how we view management today. By Wednesday, February 20, 2013,
What are Best Buy Inc. strategic objectives?
Why are unions exploring new collaboration solutions in the face of economic/work adversity?
I just order a book and the eReader will not open. It shows opening book, but it will not load. What can I do?
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