Question: Which is a true statement about the forecasting errors? Answer The forecasting method with the MAPE closest to 1 is worst. The forecasting method with
Which is a true statement about the forecasting errors?
Answer
The forecasting method with the MAPE closest to is worst.
The forecasting method with the highest MAD, MSE or MAPE is best.
The forecasting method with the highest MAD, MSE or MAPE is worst.
The forecasting method with the MAPE closest to is best.
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