Refer to Exercises 14.66 and 14.67. For each of the forecasting models, apply the MAD, MAPE, and
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Refer to Exercises 14.66 and 14.67. For each of the forecasting models, apply the MAD, MAPE, and RMSE criteria to evaluate the forecasts for the four quarters of 2016. Which of the forecasting models performs best according to each criterion? (You will need to obtain the actual 2016 GDP values to complete this exercise.)
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Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
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