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The Following Is the List of MAD Statistics for Each

question 24

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The following is the list of MAD statistics for each of the models you have estimated from time-series data:  Model  MAD  Linear Trend 1.38 Quadratic Trend 1.29 Exponential Trend 1.39 Second-order Autoregressive 0.71\begin{array} { | l | r | } \hline \text { Model } & \text { MAD } \\\hline \text { Linear Trend } & 1.38 \\\hline \text { Quadratic Trend } & 1.29 \\\hline \text { Exponential Trend } & 1.39 \\\hline \text { Second-order Autoregressive } & 0.71 \\\hline\end{array}
Based on the MAD criterion, the most appropriate model is


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