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What Makes A Good Forecasting Model? |
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Answer» A good FORECAST model will have REASONABLE COSTS. the accuracy of its forecasts will allow good decision making. The model will have AMPLE data available for its use and a relevant time span. The model finally will have a LOW interference level. A good forecast model will have reasonable costs. the accuracy of its forecasts will allow good decision making. The model will have ample data available for its use and a relevant time span. The model finally will have a low interference level. |
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