Question: In measuring forecast error, it is important to highlight any periods with excessively high errors because these errors will have significant impact of future success.
In measuring forecast error, it is important to highlight any periods with excessively high errors because these errors will have significant impact of future success. In this case you should use as your measure of forecast error.
Bias
Mean Squared Error MSE
Mean Absolute Deviation MAD
Mean Absolute Percentage Error MAPE
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