Variation in the forecast given by harmon econometrics

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Thomas Economic Forecasting, Inc. and Harmon Econometrics have the same mean error in forecasting the stock market over the last ten years. However, the standard deviation for Thomas is 30 points and 60 points for Harmon. At the 0.05 significance level can we conclude that there is more variation in the forecast given by Harmon Econometrics?

Please, please show the solution and work. (how you got the answer and the formula you used). it will assist in other problems i need to complete. thanks ahead.

Reference no: EM13333819

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