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Two Forecasting Models Were Used to Predict the Future Values

Question 29

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Two forecasting models were used to predict the future values of a time series.The forecasts are shown below with the actual values. Two forecasting models were used to predict the future values of a time series.The forecasts are shown below with the actual values. Calculate the mean absolute deviation (MAD)for Model 2. Calculate the mean absolute deviation (MAD)for Model 2.

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MAD2 = .625...

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