Question: QUESTION 1 Five trend models applied to the same time series data are compared and the MAD are given below the data. The model which

QUESTION 1 Five trend models applied to the same time series data are compared and the MAD are given below the data. The model which is the best fit for the data is the one whose MAD is: a. 15. b. 118 c 19. d. 35. e. 40. QUESTION 2 Which of the following statements is True? 1. Compared tom the Mean Absolute Deviation approach, the Mean Squared Error approach places a greater emphasis on estimates for which there is a large error. 11. When exponential smoothing is used for forecasting, the forecast will tend to be too high for time series that are increasing (positive trend) and too low for time series that are decreasing (negative trend). a. Neither of the above b. Only 11 c. Only d. Both of the above

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