[Steps Shown] Four different forecasting methods were applied to a set of time-series data. The root mean square error (RMSE) was calculated for each method.
Question: Four different forecasting methods were applied to a set of time-series data. The root mean square error (RMSE) was calculated for each method. Which of the following four RMSE values would be associated with the forecasting method that fit the data set best?
- 2.00
- 1.96
- 2.33
- 6.21
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Deliverable: Word Document
Deliverable: Word Document
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![[Solution Library] During the past 8 years,](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20150%20150'%3E%3C/svg%3E "[Solution Library] During the past 8 years, the level of demand for a")
[Solution Library] During the past 8 years, the level of demand for a
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(See Steps) A firm currently has sales of 120 units per month.
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[Solution Library] The forecast level of sales for the month of
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(Steps Shown) The forecast level of sales for the month of October
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[All Steps] The level of sales in May, June, July, and August were
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System of Equations: Elimination Method Calculator - MathCracker.com
![[Solution Library] During the past 8 years,](/images/solutions/MC-solution-library-63407.jpg "[Solution Library] During the past 8 years, the level of demand for a")
![[Solution Library] The forecast level of sales](/images/solutions/MC-solution-library-63409.jpg "[Solution Library] The forecast level of sales for the month of")
![[All Steps] The level of sales in](/images/solutions/MC-solution-library-63411.jpg "[All Steps] The level of sales in May, June, July, and August were")
