Question: Which is a true statement about the forecasting errors? Answer 1 Point The forecasting method with the most negative value is best. The forecasting method
Which is a true statement about the forecasting errors?
Answer Point
The forecasting method with the most negative value is best.
The forecasting method with the lowest MAD, MSE or MAPE is worst.
The forecasting method with the highest MAD, MSE or MAPE is best.
The forecasting method with the lowest MAD, MSE or MAPE is best.
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
