Two Forecasting Models Were Used to Predict the Future Values

question 115

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:

Adults

Individuals who have reached the age of maturity, typically defined by legal, social, or biological benchmarks.

Smoke

The visible result of combustion, consisting of particulate matter, gases, and water vapor released into the air.

Confidence Interval

A range of values derived from sample data that is likely to cover the true value of an unknown population parameter, expressed at a given confidence level (e.g., 95%).

High Blood Pressure

A medical condition where the blood pressure in the arteries is persistently elevated, which can lead to serious health issues if not managed properly.