Question: Question 2 6 The Mean Squared Error ( MSE ) is widely used in forecasting because it . Is unaftected by outliers in the data
Question
The Mean Squared Error MSE is widely used in forecasting because it
Is unaftected by outliers in the data
Provides a direct comparison between difterent fore casting methots
Is easy to interpret in tems of fore cast bias.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
