Forecast from Method 1 Realized Value of the Series Forecast from Method 2 223 210 256 289 320 340 430 390 375 134 112 110 190 150 225 550 490 525
Forecast from Method 1 Realized Value of the Series Forecast from Method 2 223 210 256 289 320 340 430 390 375 134 112 110 190 150 225 550 490 525
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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Two forecasting methods have been used to evaluate the same economic time series. The results are given
Compare the effectiveness of these methods by computing the MSE, the MAD, and the MAPE. Do each of the measures of forecasting accuracy indicate that the same forecasting technique is best? If not, why?
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