Which of the following is TRUE regarding evaluating the quality of a forecast. a. in the mean
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following is TRUE regarding evaluating the quality of a forecast.
a. in the mean squared error evaluation, one single observation can makes a very large difference.
b. the mean squared error is always lowered than the mean absolute error when evaluating the same forecast error.
c. a biases forecast has zero forecast error.
d. if both forecasters have an unbiased forecast, then they are equally good at forecasting.
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date: