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.