Two Forecasting Models Were Used to Predict the Future Values

question 15

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 2.

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Definitions:

Teaching Schedule

A planned timetable that outlines the times and dates of teaching sessions, including the content to be covered in each session.

ICU

Intensive Care Unit; a specialized department in hospitals that provides comprehensive and constant care for patients with life-threatening conditions.

Implementation

The process of putting a decision or plan into effect; execution.

Bowel Resection

A surgical procedure to remove a part of the intestine due to diseases or blockages.