TABLE 16-10
Business closures in Laramie, Wyoming from 2005 to 2010 were:
-Referring to Table 16-10, the values of the MAD for the two models indicate that the first-order model should be used for forecasting.

Question

TABLE 16-10
Business closures in Laramie, Wyoming from 2005 to 2010 were: 
-Referring to Table 16-10, the values of the MAD for the two models indicate that the first-order model should be used for forecasting.

Quizplus · Accepted Answer

The statement's validity depends on the specific values of the MAD (Mean Absolute Deviation) for the two models in Table 16-10. Without the actual values, we cannot determine which model should be used for forecasting.

TABLE 16-10 Business Closures in Laramie, Wyoming from 2005 to 2010 Were