Question: Two forecasting methods have been used to evaluate the same economic time series. The results are table [ [ table [ [ Forecast
Two forecasting methods have been used to evaluate the same economic time series. The results are
tabletableForecast fromMethod tableForecast fromMethod tableRealized Valueof the Series
Compare the effectiveness of these methods by computing the MSE, the MAD, and the MAPE. Do each of the measures of forecasting accuracy indicate that the same forecasting technique is best? If not, why?
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