Which One of the Following Is Most Useful for Measuring

question 4

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) percentage forecast error in period t
• D) mean absolute deviation of forecast errors

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Definitions:

Quantitative And Qualitative Research

Methods of inquiry in research, with quantitative focusing on numerical analysis, and qualitative emphasizing subjective assessment and interpretation.

Mechanistic Model

Model that views human development as a series of predictable responses to stimuli.

Organismic Model

A perspective in psychology and biology that views living organisms as integrated entities responding adaptively to their environment.

Human Development

The comprehensive process of human growth and change, from infancy through adulthood, encompassing physical, cognitive, and socio-emotional development.