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[See Solution] Different forecasting techniques were used to forecast demand for an item. The actual demand and the two sets of forecasts are as follows:

Question: Different forecasting techniques were used to forecast demand for an item. The actual demand and the two sets of forecasts are as follows:

Actual Demand	Forecast Using Method 1	Forecast Using Method 2
210	250	200
300	325	250
330	400	325
340	350	300
350	375	325
425	450	400

Compute the MAD for each set of forecasts. Which forecast appears to be most accurate?

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[See Solution] Different forecasting techniques were used to forecast demand for an item. The actual demand and the two sets of forecasts are as follows:

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