Question: Suppose we are comparing two different demand forecasting models to determine which we would like to use moving forward. We have forecasted demand using a
Suppose we are comparing two different demand forecasting models to determine which we would like to use moving forward. We have forecasted demand using a moving average model and a regression model. Using the Root Mean Squared Error (RMSE) as a metric, which model would you prefer, the Moving Average or the Regression model? Support your answer by including the RMSE values for each model, including how you calculated these values.
Question 17 10 pts Suppose we are comparing two different demand forecasting models to determine which we would like to use moving forward. We have forecasted demand using a moving average model and a regression model. Using the Root Mean Squared Error (RMSE) as a metric, which model would you prefer, the Moving Average or the Regression model? Support your answer by including the RMSE values for each model, including how you calculated these values. Moving Regression Actual Period Average Model Model Demand Forecast Forecast 1 13 11 12 2 13 10 15 3 14 17 16 4 20 16 14
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