Ed Rogers owns an appliance store.Sales data on a particular model of a DVD player for the past six months are shown below along with the results of two different forecasting models that were developed t:
Which is the better forecasting model, based on the MAD criterion?
Definitions:
Absolute Threshold
The minimum intensity of a stimulus at which it can be detected by an individual at least 50% of the time.
Perfume Diffused
The process of dispersing perfume particles into the air to create a pleasant aroma in the environment.
Watch
A portable timepiece designed to be worn on the wrist or carried, used to measure and display time.
Psychophysics
The scientific study of the relationship between the physical properties of stimuli and the sensations and perceptions they produce.
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