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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
Why is it important to continuously update the implementation and communication of a strategic plan?
Describe the specific type of consumer that the Coca-Cola Company is targeting with each of the following products: Diet Coke, Diet Coke Plus, Coca-Cola Blak, and Full Throttle Blu
I want some project about travel chart.
All other things held constant, increasing the level of confidence for a confidence interval estimate for the difference between two population means will result in a wider confide
Discuss Michael Porter's Competitive Forces Model. Provide examples to illustrate your points.
Where can i find a financial analysis of coca cola comparing the past 5yrs from 2009-2013. Something in a word format would be help
Analytic and synthetic methods of manufacturing operations may be on the final exam. What is the difference between them? Please include an example
six operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. determine the optimal assignment. which operator will have no assignment
How can the HRM professional be prepared to deal with the variations in HR practices in the global environment
The BackPack Company produces a line of backpacks. The manager, Jill Nicholas, has decided that the BackPack Company must have very good customer service. She has asked you to d
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