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.

Question

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.

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The Answer of 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.

Two Forecasting Models Were Used to Predict the Future Values