Which methodmethod A or method Bgives the smallest MAD? The smallest MSD? The smallest MAPE? Compare two
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Which method—method A or method B—gives the smallest MAD? The smallest MSD? The smallest MAPE?
Compare two forecasting methods—method A and method B. Suppose that method A gives the point forecasts 57, 61, and 70 of three future time series values. Method B gives the point forecasts 59, 65, and 73 of these three future values. The three future values turn out to be 60, 64, and 67.
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Related Book For 
Business Statistics In Practice Using Data Modeling And Analytics
ISBN: 9781259549465
8th Edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
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