MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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please solve all parts within 30 minutes.

DRE 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: Period 2 3 4 5 6 7 8 Demand 68 75 MAD F1 MAD F2 70 74 69 72 80 78 MSE F1 MSE F2 PREDICTED DEHAND F2 66 68 70 72 F1 66 68 72 71 72 70 71 74 Click here for the Excel Data File Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1 decimal place.) 74 76 78 80 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.) 4 appears to be more accurate
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Transcribed Image Text:DRE 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: Period 2 3 4 5 6 7 8 Demand 68 75 MAD F1 MAD F2 70 74 69 72 80 78 MSE F1 MSE F2 PREDICTED DEHAND F2 66 68 70 72 F1 66 68 72 71 72 70 71 74 Click here for the Excel Data File Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 1 decimal place.) 74 76 78 80 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.) 4 appears to be more accurate
d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations and final answers to 2 decimal places.) MAPE F1 MAPE F2 % % appears to be more accurate
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Transcribed Image Text:d. Compute MAPE for each data set. Which forecast appears to be more accurate? (Round your intermediate calculations and final answers to 2 decimal places.) MAPE F1 MAPE F2 % % appears to be more accurate
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