What is the test for model forecast reasonableness and why is it reasonable? Que

Question

What is the test for model forecast reasonableness and why is it reasonable?

Question 15 options:

1)

2)

3)

4)

1)

A time series plot of the variable forecast only observing the variation. High variation is reasonable.

2)

A scatter plot of the original data with the X variable to see if it is linear.

3)

A time series plot of the residuals divided by the origonal data to observe the percentage changes over time. The lower the percentage change the more reasonable the forecast.

4)

A time series plot of the variable forecast appended to the original variable data. The forecast must be achievable.

Explanation / Answer

the test for model forecast reasonableness and why is it reasonable

Answer :-

A time series plot of the variable forecast appended to the original variable data. The forecast must be achievable.

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