In Situations Where Forecast Errors Are to Be Weighed in Proportion

question 37

Multiple Choice

In situations where forecast errors are to be weighed in proportion to their magnitude, the preferred performance evaluator would most likely be:

• A)MSE.
• B)MAD.
• C)MAPE.
• D)LAD.

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Definitions:

Internet of Things

A network of physical objects, devices, vehicles, buildings, and other items embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data.

Botnet

A network of private computers infected with malicious software and controlled as a group without the owners' knowledge, e.g., to send spam messages.

Corporate Servers

High-capacity computers or computer systems that provide data, resources, or services to other computers or devices within a corporate environment.

Sony Hack

A high-profile cyber attack carried out against Sony Pictures in 2014, leading to the leak of confidential data including personal information about employees and unreleased films.