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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 Demand Forecast 1 Forecast 2
1 12 13 13
2 14 13 15
3 13 13 16
4 15 13 15
5 11 13 12
Using (at least) one of the metrics we have seen in class, identify the forecast that appears to be more accurate. Explain your reasoning.
Summary of recommendations. Summarize your actionable ideas and recommendations. Include a lot of detail in terms of action steps, programs, or changes, include it here. If you are integrating theories or approaches, please describe it here. This nee..
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How do you forecast demand and how do you budget your project. How do you set up a schedule with all these doubts and unforeseen aspects. Why even do the forecast when you know you have all these unforeseen issues
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