Compare the accuracy of forecast 1 and forecast 2 by


Please, calculate for A, B and D.

                                                            Predicted Demand

Period                  Demand               F1                          F2          

1                            68                          62                          64

2                            75                          65                          68

3                            70                          74                          70

4                            74                          71                          69

5                            69                          72                          75

6                            72                          70                          78

7                            80                          73                          75

8                            78                          73                          84

a. Compare the accuracy of Forecast 1 and Forecast 2 by calculating the Mean Absolute Deviation for each one. Which is more accurate? (Round your answers to 2 decimal places.)

MAD F1

MAD F2

b. Compare the accuracy of Forecast 1 and Forecast 2 by calculating the Mean Squared Error for each one. Which is more accurate? (Round your answers to 2 decimal places.)

MSE A

MSE B

d. Compare the accuracy of Forecast 1 and Forecast 2 by calculating the Mean Absolute Percent Error for each one. Which is more accurate? (Round your intermediate calculations to 2 decimal places and final answers to 2 decimal places.)

MAPE F1

MAPE F2

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