Question: When evaluating the predictive performance of a time series model, it is necessary to construct measures of accuracy. In your own words, discuss the relative

When evaluating the predictive performance of a

When evaluating the predictive performance of a time series model, it is necessary to construct measures of accuracy. In your own words, discuss the relative advantage(s) and disadvantage(s) of any two measures of accuracy. Make sure you clearly define each measure with a suitable formula. Of these two measures, which one do you prefer, and why? (8 marks)

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