Question: chosen answer is wrong A forecaster wishes to present the magnitude (size) and (i) direction (bias) of a forecast's error, as well as (a) draw

chosen answer is wrong chosen answer is wrong A forecaster wishes to
A forecaster wishes to present the magnitude (size) and (i) direction (bias) of a forecast's error, as well as (a) draw a confidence interval around the extent of error in the forecast, in that order. Which of the following sequence of error measures best represents this arrangement? a. Mean error, MAPE, MAD (or MAE), in that order FO n the b. Mean Error, CFE, MAPE, in that order. y low C. MAPE, Mean Error (or MPE), RMSE, in that order jusal reg sell tomo d. Theil's U Stat, RMSE, MAPE, in that order. in hasn't be Ask an exp

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!