To Assess the Adequacy of a Forecasting Model, One Measure

question 81

Multiple Choice

To assess the adequacy of a forecasting model, one measure that is often used is

• A) the MAD.
• B) quadratic trend analysis.
• C) exponential smoothing.
• D) moving averages.

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Definitions:

Surprising Events

Occurrences that defy individuals' expectations or predictions, often leading to cognitive and emotional responses.

Novel Objects

Objects that are new, unfamiliar, or have not been encountered before by an individual.

Infants' Behaviors

The actions or reactions of babies, typically from birth to one year of age, as they interact with their environment and develop.

Familiar Objects

Items that are easily recognized by an individual, often because of repeated exposure or personal significance.