Question: If a forecast's MAD is less than its MSE, we can conclude that: we still don't know much about the forecast. The MAD is better
If a forecast's MAD is less than its MSE, we can conclude that:
| we still don't know much about the forecast. | ||
| The MAD is better than the MSE. | ||
| The MSE is better than the MAD. | ||
| it is a good forecast. |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
