The Most Commonly Used Measures of Forecast Accuracy Are Mean

question 124

Short Answer

The most commonly used measures of forecast accuracy are mean absolute deviation (MAD)and the ____________________.

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Definitions:

Rule of 70

A method to estimate the number of years it will take for a variable to double, by dividing 70 by the annual growth rate of the variable.

Interest Rate

The percentage of a sum of money charged for its use, reflecting the cost of borrowing or the return on saving.

Managed Mutual Funds

Investment funds that are operated by professional fund managers who allocate the fund's investments and attempt to produce capital gains for the fund's investors.

Stock Index

A measure designed to track the performance of a group of stocks, representing a specific segment of the market.