A forecaster is assessing two different models for demand.The output from each model and the actual demand data appear in the table.Use MAD and a tracking signal to compare the two models.Which model does a better job of forecasting?
Definitions:
Offeror
The party in a contractual agreement who makes an offer to another party, inviting them to enter into a contract, typically specifying the terms of the agreement.
Offeree
The individual or entity to whom an offer is made in a contract situation.
Required Payments
Payments that are mandated by law or contract, which an individual or entity is obligated to make under specific conditions.
Condominium
A residential complex where individual units are owned by individuals and common areas are jointly owned by all the unit owners.
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