Question: In assessing various forecasting methods, the error obtained plays a crucial role. Which of the following is true regarding various measures of forecast accuracy? (

In assessing various forecasting methods, the error obtained plays a crucial role. Which of the following is true regarding various measures of forecast accuracy?

(

Select the correct option

)

Group of answer choices

MAD weighs all the errors evenly, MAPE weighs them according to relative error

MSE weighs all the errors evenly, MAD weighs them according to relative error

MAPE weighs errors according to their squared values, MAD weighs them according to relative error

MAPE weighs all the errors evenly, MAD weighs them according to relative error

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