Compare the effectiveness of the methods by computing mse

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Reference no: EM131463022

Question: Two forecasting methods have been used to evaluate the same economic time series. The results are

378_Forecast 5.png

Compare the effectiveness of these methods by computing the MSE, the MAD, and the MAPE. Do each of the measures of forecasting accuracy indicate that the same forecasting technique is best? If not, why?

Reference no: EM131463022

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