Question: 5. Why are measures of variability important (measures like RMSE, MSE, or standard error) in predictive analytics? A) Predictive methods cant produce exact predictions as

5. Why are measures of variability important (measures like RMSE, MSE, or standard error) in predictive analytics?

A) Predictive methods cant produce exact predictions as output B) Its important to construct confidence intervals for population parameters C) We cannot use predictive methods if there is any variability in the dataset D) Predictions of an exact value are almost always wrong

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