Two Forecasting Models Were Used to Predict the Future Values

question 14

Essay

Two forecasting models were used to predict the future values of a time series.The forecasts are shown below with the actual values: Calculate the mean absolute deviation (MAD)for Model 1.

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Definitions:

Epithelium

Tissue composed of layers of cells that line the cavities and surfaces of structures throughout the body, serving as a protective barrier or involved in absorption and secretion.

Small Intestine

Portion of the vertebrate digestive tract that extends from the stomach to the large intestine.

Lungs

Lungs are a pair of respiratory organs in the chest of vertebrates where blood is oxygenated.

Elastic Fibers

Protein fibers in connective tissue that have the ability to stretch and return to their original shape, contributing to the elasticity of organs and tissues.