Question: Recall that, to estimate accuracy we use methods in Forecasting Accuracy Mean Absolute Deviation (MAD) Average absolute error Mean Squared Error (MSE)Average of squared error

Recall that, to estimate accuracy we use methods in Forecasting Accuracy Mean Absolute Deviation (MAD) Average absolute error Mean Squared Error (MSE)Average of squared error Mean Absolute Percent Error (MAPE)Average absolute percent error

What is the difference and which in your vision is best and why?

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!