Which of the Following Methods Tells Whether the Forecast Tends

question 69

Multiple Choice

Which of the following methods tells whether the forecast tends to be too high or too low?

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

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Definitions:

Performance Management Program

A systematic approach to aligning employees’ work with organizational goals, assessing performance, and guiding development.

Performance Indicators

Metrics or measures used to assess and analyze an employee's, department's, or organization's effectiveness and performance.

Internal Consultants

Employees or departments within an organization that provide expert advice and services to other parts of the same organization, akin to external consultants but focused on internal needs and challenges.

Non-Comparative

A method or approach that does not involve comparing elements or items with one another.