Two Forecasting Models Were Used to Predict the Future Values

question 52

Essay

Two forecasting models were used to predict the future values of a time series.The forecasts are shown below with the actual values: $$\begin{array} { l l l } \text { Forecast Model 1 } & \text { Forecast Model 2 } & \text { Actual Value } \\7.5 & 6.3 & 6.0 \\6.3 & 6.7 & 6.6 \\5.4 & 7.1 & 7.3 \\8.2 & 7.5 & 9.4\end{array}$$
-Calculate the mean absolute deviation (MAD)for Model 2.

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Definitions:

Congenital Defect

A physical or biochemical abnormality that is present at birth and can affect the structure or function of the body.

Bone Deformities

Abnormalities in the shape or size of bones, often due to congenital reasons, disease, or injury.

Fractures

A break or crack in a bone typically resulting from trauma, overuse, or disease processes.

Side-lying Position

A way of positioning a person on their side, which can be important for comfort, relief of pressure points, or medical needs.