8.) Model ME RMSE MAE MPE MAPE question 5 3e-
Posted: Thu Apr 28, 2022 11:49 am
8.)
Model
ME
RMSE
MAE MPE
MAPE
question
5
3e-15
19.73
16.60 -0.05
2.97
question 5 w/ ARIMA
-0.55
17.93
14.38 -0.14
2.52
After using ARIMA techniques to forecast the residuals
of the equation in question x,
you obtain the summary statistics for the two
regressions, above.
Explain which model fits best and why you think
so.
Model
ME
RMSE
MAE MPE
MAPE
question
5
3e-15
19.73
16.60 -0.05
2.97
question 5 w/ ARIMA
-0.55
17.93
14.38 -0.14
2.52
After using ARIMA techniques to forecast the residuals
of the equation in question x,
you obtain the summary statistics for the two
regressions, above.
Explain which model fits best and why you think
so.