RMSE for HES model: 63.92, RMSE for WES model: 165.62 [Press CTRL and "-" to see the whole table by reducing the font size. Press CTRL and "+" to restore the font size] Which is a valid conclusion from this information? *Data is from the Australian Bureau of Statistics, catalogue number 5206.0, table 1. a. The graphs indicate both models fit the data reasonably, with some higher deviation between June 2016 and June 2017 b. The RMSE values are too large and neither model provides a good forecast in this instance. O c. The graphs indicate neither model fits the data reasonably, and different models should be used.

RMSE for HES model: 63.92, RMSE for WES model: 165.62 [Press CTRL and "-" to see the whole table by reducing the font size. Press CTRL and "+" to restore the font size] Which is a valid conclusion from this information? *Data is from the Australian Bureau of Statistics, catalogue number 5206.0, table 1. a. The graphs indicate both models fit the data reasonably, with some higher deviation between June 2016 and June 2017 b. The RMSE values are too large and neither model provides a good forecast in this instance. O c. The graphs indicate neither model fits the data reasonably, and different models should be used.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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