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QUESTION
1) Develop forecasts using regression of sales on each of the series of rain forecasts, respectively. Calculate the MFE (bias), MAD and MAPE for the...
1) Develop forecasts using regression of sales on each of the series of rain forecasts, respectively. Calculate the MFE (bias), MAD and MAPE for the 2 forecasting models. Which rain forecast seems to be better at predicting Rachel daily sales, the 5 day or the 2 day forecast?
