Which of the following statements is (are) true concerning the accuracy measures used to evaluate forecasts? a.
Question:
a. The MAPE takes into consideration the magnitude of the values being forecast.
b. The MSE and RMSE penalize large errors.
c. The MPE is used to determine whether a model is systematically predicting too high or too low.
d. The advantage of the MAD is that it relates the size of the error to the actual observation.
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c The MPE is used t...View the full answer
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