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Two Forecasting Models Were Used to Predict the Future Values

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Two forecasting models were used to predict the future values of a time series.The forecasts are shown below with the actual values. 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 squared deviation (MSD)for Model 2 Calculate the mean squared deviation (MSD)for Model 2


Definitions:

Zero Population Growth

Point at which the birth rate equals the death rate. A population with zero population growth does not change in size.

Increase

A rise or growth in quantity, size, intensity, or some other measure.

Population Density

The number of individuals of a species per unit of area or volume at a given time.

Individuals

Separate and distinct organisms or entities, often used in the context of discussing a single member of a species.

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