Managerial Decision Making : Compare the forecasts from the all the models (Linear trend, trend with seasonality, moving average and exponential smoothing) generated using the MAD. Determine which model Juan should present to his boss.
Managerial Decision Making.Juan was asked by his boss to develop a forecast model for the WTI Spot crude oil price. Juan was eager to show off his regression skills and was confident he could build a model that would accurately predict the WTI spot price. After receiving a file of the Cushing OK WTI Spot … Read more