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A researcher is choosing between 4 models, and is using a fixed forecast environment in order to make a decision. The models have the following
"A researcher is choosing between 4 models, and is using a fixed forecast environment in order to make a decision. The models have the following summary statistics in the following order (Model #, MSE, MAE, MAPE): (Model1, 4.23, 1.58,80.6); (Model2, 5.26, 1.70, 70.9); (Model3, 5.30, 1.87, 125.2); (Model4, 3.92, 1.623, 65.2). If the forecaster has a loss function that is QUADRATIC, then most preferred model is" O Model 1 O Model 2 O Model 3 O Model 4
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