Two Forecasting Models Were Used to Predict the Future Values

question 136

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 1.

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Definitions:

Birth

The process of being born, marking the onset of a new individual's life outside the uterus.

Air Sacs

Small, balloon-like structures in the lungs where oxygen and carbon dioxide are exchanged with the blood.

Newborns

Infants in their first few weeks of life, typically considered up to one month old.

Respiratory Problems

Health issues affecting the organs and tissues that make gas exchange possible, like the lungs and airways.