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:

Delayed Reinforcement

The presentation of a reward or reinforcement after a significant time has passed from the desired behavior, affecting learning and motivation.

Higher Goals

Objectives that reflect broader, more significant aspirations or ideals, surpassing basic or immediate needs in pursuit of longer-term fulfillment.

Delayed Reinforcement

A technique in which a response is followed by a reward not immediately but after a time delay, influencing future behavior.

Immediate Reinforcement

The prompt delivery of a reward or consequence following a behavior, which strengthens the likelihood of that behavior occurring again.