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:

Bananas

A curved, yellow fruit with soft, sweet flesh when ripe, often eaten as a snack or used in cooking.

Nominal Interest Rate

The interest rate before adjustments for inflation, representing the face value of interest payments.

Rational Consumer

An assumption in economics that consumers always make logical decisions that provide them with the highest level of personal utility.

Net Borrower

An entity, such as a government or a business, that borrows more money than it lends, resulting in a net outflow of funds.