Two Forecasting Models Were Used to Predict the Future Values

question 8

Essay

Two forecasting models were used to predict the future values of a time series.The forecasts are shown below with the actual values: Which model is the most accurate? Why?

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Definitions:

Intrigued

Having one's interest or curiosity greatly aroused.

Salivate

The secretion of saliva in the mouth by the salivary glands, often in response to the sight, smell, or taste of food.

Elicits

To draw out or bring forth a response or answer through various means.

UCS

Unconditioned Stimulus; in classical conditioning, it is something that naturally and automatically triggers a response without any learning needed.