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a. Estimate the linear, the quadratic, and the cubic trend models and compute the resulting performance measures MSE, MAD, and MAPE. (Do not round
a. Estimate the linear, the quadratic, and the cubic trend models and compute the resulting performance measures MSE, MAD, and MAPE. (Do not round intermediate calculations. Round final answers to the nearest whole number.) Model Linear Quadratic Cubic MAD MAPE (%) b-1. Which is the preferred model for making the forecast? Cubic because it has the smallest 3 out of 3 performance measures.
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Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
7th Canadian Edition
133138445, 978-0133926330, 133926338, 978-0133138443
