Question: Which statement about forecast accuracy is true?Select one:O A . The ultimate test of forecasting power is how well a model fits past data.OB .
Which statement about forecast accuracy is true?Select one:O A The ultimate test of forecasting power is how well a model fits past data.OB The best technique in explaining past data is the best technique to predict the future.OC A manager must be careful not to "overfit past dataOD. The ultimate test of forecasting power is how a model fits holdout samples.
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
