Assume That You Have Tried Three Different Forecasting Models

question 95

Multiple Choice

Assume that you have tried three different forecasting models.For the first, the MAD = 2.5, for the second, the MSE = 10.5, and for the third, the MAPE = 2.7.We can then say

• A)the third method is the best.
• B)the second method is the best.
• C)method two is the least preferred.
• D)We cannot make a determination as to which method is best.

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Definitions:

Alcohol

A psychoactive substance and depressant that is found in beverages such as beer, wine, and spirits, affecting the central nervous system.

Psychological Dependence

a form of dependence characterized by a perceived need to use a substance or engage in a behavior to achieve emotional or psychological well-being.

Heroin

An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, highly addictive and illegal.

Narcolepsy

A lasting sleep disturbance featuring overwhelming sleepiness throughout the day and abrupt instances of sleeping.