Four Types of Forecast Error Measures Can Be Used

question 6

Multiple Choice

Four types of forecast error measures can be used. Which one of the following is not one of the four types?

• A) cumulative sum of forecast errors
• B) exponential smoothing for trends
• C) mean squared error
• D) mean absolute deviation

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Definitions:

Employer-provided Benefits and Services

Compensation given to employees in addition to salary, including health insurance, retirement benefits, and wellness programs.

Gain Benefits

The process or action of obtaining advantages, such as improved health, insurance, or financial gains, usually through employment or negotiation.

Reduce Employee Fatigue

Implementing strategies or measures to decrease exhaustion and improve well-being among workers.

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of options best suited to their personal needs or situations.