Assume That You Have Tried Three Different Forecasting Models

question 95

Multiple Choice

Assume that you have tried three different forecasting models.For the first, the MAD = 2.5, for the second, the MSE = 10.5, and for the third, the MAPE = 2.7.We can then say

• A)the third method is the best.
• B)the second method is the best.
• C)method two is the least preferred.
• D)We cannot make a determination as to which method is best.