Which of the Following Forecast Error Measures Will Help Determine

question 9

Multiple Choice

Which of the following forecast error measures will help determine whether or not there is a bias in a forecast?

• A)Forecast error
• B)Absolute deviation
• C)Square error
• D)Control error

---

Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, or gender.

Subtyping

Subtyping is a cognitive process where individuals adjust their stereotypes by creating subcategories for group members who do not fit the prevalent group stereotypes.

Stereotyping

The act of categorizing individuals into specific groups based on generalized beliefs, which may not accurately reflect reality.

Prejudice

Preconceived opinions or attitudes towards people or groups without factual basis or actual experience.