MAD Performance Measure - MAD's of other models. The one...

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Mean Absolute Deviation Performance Measure for Comparing the Performance of Time Series Models Situation: Forecasted values have been determined for all possible time periods in which there is a time series value Required: Determine the mean absolute deviation performance measure (MAD) for this model. The MAD will be used to compare against
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Unformatted text preview: MAD's of other models. The one with the lowest MAD appears to be the best model for this time series data. 1. In F5 Enter =ABS(B5-D5) 2. Drag F5 to F6:F21 3. In F22 Enter =AVERAGE(F5:F21) All periods for which there is both a time series value and a forecast...
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This note was uploaded on 08/29/2011 for the course STATISTICS 361 taught by Professor Gupta during the Spring '11 term at California State University , Monterey Bay.

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