What is the explanation for why the average forecasting errors were higher for the other time series

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What is the explanation for why the average forecasting errors were higher for the other time series forecasting methods than for the supposedly less powerful last-value method?

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Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With Spreadsheets

ISBN: 9781260716290

7th Edition

Authors: Frederick S. Hillier, Mark S. Hillier

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Question Posted: Mar 02, 2023 01:08 AM

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What is the explanation for why the average forecasting errors were higher for the other time series

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Each of the forecasting methods except for the lastval...View the full answer

Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With Spreadsheets

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