Assume that you have tried three different forecasting models.For the first,the MAD = 2.5,for the second,the MSE = 10.5,and for the third,the MAPE = 2.7.We can then say:
A)the third method is the best.
B)the second method is the best.
C)methods one and three are preferable to method two.
D)method two is least preferred.
E)None of the above

Question

Quizplus · Accepted Answer

The Answer of Assume that you have tried three different forecasting models.For the first,the MAD = 2.5,for the second,the MSE = 10.5,and for the third,the MAPE = 2.7.We can then say:
A)the third method is the best.
B)the second method is the best.
C)methods one and three are preferable to method two.
D)method two is least preferred.
E)None of the above

Assume That You Have Tried Three Different Forecasting Models