Question: Suppose you are given summary reports for three different forecasts, shown below. Use this information to answer the next 3 questions: Forecast A Forecast B
Suppose you are given summary reports for three different forecasts, shown below. Use this information to answer the next questions:
Forecast A Forecast B Forecast C
CFE
AFE
StDev
MAD
MAPE
MSE
Forecast A
Suppose you are given summary reports for three different forecasts, shown below. Use this information to answer the next questions:
Forecast A Forecast B Forecast C
CFE
AFE
StDev
MAD
MAPE
MSE
Forecast A
Has an overforecasting bias
Has an underforecasting bias
Has neither overforecasting nor underforecasting bias ie it is unbiased
Has both overforecasting and underforecasting bias
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