Question: A company compares two forecasting models using the same 4-month test set. Actual and forecasted values are: Actual: [200, 220, 210, 230]; Model A: [190,
A company compares two forecasting models using the same 4-month test set. Actual and forecasted values are: Actual: [200, 220, 210, 230]; Model A: [190, 230, 200, 240]; Model B: [205, 215, 215, 225]. Based on mean absolute error (MAE), which statement is correct? 1. Model A has lower MAE than Model B 2. Both models have the same MAE 3. Model B has lower MAE than Model A 4. MAE cannot be compared because sample size is too small
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