Using the following data determine the values of MAD and MSE. Which of these measurements of error seems to yield the best information about the forecasts?Why?
Answer to relevant QuestionsFigures for acres of tomatoes harvested in the United States from an 11-year period follow. The data are published by the U.S. Department of Agriculture. With these data, forecasts have been made by using techniques ...The following data show the number of issues from initial public offerings (IPOs) for a 13-year period released by the Securities Data Company. Use these data to develop forecasts for the years 3 through 13 using exponential ...Use the data from Problem 15.15 to create a regression forecasting model using the first-differences data transformation. How do the results from this model differ from those obtained in Problem15.15?Suppose the following data are prices of market goods involved in household transportation for the years 2006 through 2013.Using 2008 as a base year, compute aggregate transportation price indexes for thisdata.Use the seasonal indexes computed to de-seasonalize the data in Problem15.32.
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