Which of the Following Methods Gives an Indication of the Percentage

question 92

Multiple Choice

Which of the following methods gives an indication of the percentage of forecast error?

• A)MAD
• B)MSE
• C)MAPE
• D)decomposition

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Definitions:

Billable Hour

A measure representing an hour of work that can be charged to a client, commonly used in legal, consulting, and professional services.

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception to delivery and beyond.

Human Resource

The department within an organization that deals with the recruitment, management, and direction of people who work in the organization.

Service Shop

A business that provides specialized professional or technical services, often involving repair or maintenance.