Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is TRUE (check all the correct choices, wrong answers will incur negative marking) In the multiplicative time series model, the trend

Which of the following is TRUE (check all the correct choices, wrong answers will incur negative marking)

In the multiplicative time series model, the trend component is first found by using regression. Then the seasonal component (index) is identified using the data. These two components are then multiplied to get the final forecast.

To find MAD, you need to find the difference between the actual value and the forecast and then take the average of all these differences

To find MAPE, you need to find the absolute difference between the actual value and the forecast, then divide this absolute difference by the forecast value. Then take the average of all these absolute percentage errors.

To find MAPE, you need to find the absolute difference between the actual value and the forecast, then divide this absolute difference by the actual value. Then take the average of all these absolute percentage errors.

In the multiplicative time series model, the trend component is first found by using the overall average. Then the seasonal component (index) is identified using the data. These two components are then multiplied to get the final forecast.

To find MAD, you need to find the absolute difference between the actual value and the forecast and then take the average of all these absolute differences

To find MSE, you need to find the square of the difference between the actual value and the forecast and then sum all these differences squared.

To find MSE, you need to find the square of the difference between the actual value and the forecast and then take the average of all these differences squared.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Mathematics Derivatives And Structured Products

Authors: Chan

1st Edition

9811336954, 978-9811336959

More Books

Students also viewed these Finance questions

Question

7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago

Question

5. Describe the relationship between history and identity.

Answered: 1 week ago