Course Solutions Uncategorized (Answered) : Table Shows Results Two Methods Forecast 1 Forecast 2 Forecasting Frozen Prepared Dinners Q34328057

(Answered) : Table Shows Results Two Methods Forecast 1 Forecast 2 Forecasting Frozen Prepared Dinners Q34328057

The table below shows the results of two methods (Forecast 1 andForecast 2) of forecasting for frozen prepared dinners, as well asthe demand for the five periods.

        

PREDICTED DEMAND

Period Demand F1 F2
1 68 67 65
2 75 67 66
3 70 73 70
4 74 69 69
5 69 72 72
6 72 66 73
7 80 70 75
8 78 77 81

        

a.

Compare the accuracy of Forecast 1 and Forecast 2 by calculatingthe Mean Absolute Deviation for each one. Which is more accurate?(Round your answers

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