Two Forecasting Models Were Used to Predict the Future Values

question 28

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 2.

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Definitions:

Educational Experiences

The range of encounters and activities that contribute to the learning and personal development of an individual.

Health Issues

Conditions affecting an individual's physical or mental well-being.

Cross-sectional Intelligence

An approach to studying intelligence that involves assessing different age groups at one point in time to understand changes or stability in intelligence across the lifespan.

Younger Generations

Refers to the demographic groups that are younger in age, typically following the current oldest generation.