Which One of the Following Is Most Useful for Measuring

question 76

Multiple Choice

Which one of the following is most useful for measuring the bias in a forecast?

• A) cumulative sum of forecast errors
• B) standard deviation of forecast errors
• C) mean absolute deviation of forecast errors
• D) percentage forecast error in period t

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Definitions:

Solitude

The state of being alone, often by choice, allowing for self-reflection, inner peace, or personal freedom without feeling lonely.

Effects of Solitude

The impacts, which can be positive or negative, on an individual's mental and physical health due to spending time alone.

Adolescents

Individuals in the transitional stage of development between childhood and adulthood, typically characterized by significant physical, psychological, and social changes.

Social Settings

The environments or contexts in which social interactions and relationships occur, ranging from informal gatherings to structured institutions.