c) Following three forecasting techniques were used to predict the value of a time series.These are given in the following table.Forecasting Value FTechnique 2Actual value ytTechnique 1Technique 31721221927242024292625282832383131353039For each, calculate the mean absolute deviations (MAD) and sum of squares for forecasterror (SSFE) to determine which was most accurate.

Answered: Following three forecasting techniques…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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