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Two Forecasting Models Were Used to Predict the Future Values

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Two forecasting models were used to predict the future values of a time series.These are shown in the accompanying table,together with the actual values. Two forecasting models were used to predict the future values of a time series.These are shown in the accompanying table,together with the actual values. Compute the mean absolute deviation (MAD)and sum of squares for forecast (SSE)for each model to determine which was more accurate. Compute the mean absolute deviation (MAD)and sum of squares for forecast (SSE)for each model to determine which was more accurate.

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