Assume that you have tried three different forecasting models. For the first, the MAD = 2.5, for
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Assume that you have tried three different forecasting models. For the first, the MAD = 2.5, for the second, the MSE = 10.5, and for the third, the MAPE = 2.7. We can then say:
| | A) the third method is the best. |
| | B) the second method is the best. |
| | C) methods one and three are preferable to method two. |
| | D) method two is least preferred. |
| | E) None of the above Can you explain why it is that answer. |
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
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