Question: The following table shows the forecasting techniques and their errors of time series data with a trend component. Which of the following statement ( s
The following table shows the forecasting techniques and their errors of time series data with a trend component. Which of the following statements isare CORRECT referring to the table above? Select one:
a
Holt's exponential smoothing is the most accurate forecasting technique for the data
b
SES alpha is an appropriate forecasting technique for the time series data with trend component
c
The linear trend line is the least accurate forecasting technique since the MAE, MSE and MAPE are lower than the other forecast models
d
Both a and b above are correct
e
None of ab and c are correct
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