Question: Three forecasting techniques were used to predict the values of a time series. These values are given in the following table. Compute MAD and SSE

Three forecasting techniques were used to predict the values of a time series. These values are given in the following table. Compute MAD and SSE for each technique to determine which was most accurate.

Period 2 3 Forecast (Model 1) 21 27 29 31 35 Forecast (Model 2) 22 24 26 28 30 20 Forecast (Model 3) 17 25 31 39 Actual

Period 2 3 Forecast (Model 1) 21 27 29 31 35 Forecast (Model 2) 22 24 26 28 30 20 Forecast (Model 3) 17 25 31 39 Actual 19 24 28 32 38

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