Two Forecasting Models Were Used to Predict the Future Values

question 139

Short Answer

Two forecasting models were used to predict the future values of a time series. The forecasts are shown below with the actual values.
Calculate the mean absolute deviation (MAD) for Model 1.

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Monitoring involves the continuous observation, checking, and systematic assessment of processes or activities over a period of time for the purpose of ensuring compliance with standards or progress towards objectives.

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The provision of what is necessary for the health, welfare, maintenance, and protection of someone or something.