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Mean Squared Error and Coefficient of Correlation Are Two Measures

question 40

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Mean Squared Error and Coefficient of Correlation are two measures of the overall error of a forecasting model.

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Definitions:

Microsystems

Small-scale, tightly integrated systems combining hardware and software to perform specific tasks, often part of a larger system.

Dwelling

A place where people live, such as a house or apartment.

Power

The ability or capacity to influence or control the behavior of others or the course of events.

Authority

The authority or capability to issue commands, make choices, and ensure compliance.

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