A Shortcoming of the RMSE (Root Mean Square Error)is That

question 2

True/False

A shortcoming of the RMSE (root mean square error)is that it is not in the same units as the forecast variable.

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Definitions:

Economics

The social science that studies how individuals, businesses, governments, and societies make choices on allocating resources to satisfy their wants and needs.

Monetary Rewards

Financial benefits given to individuals or groups as a form of compensation or incentive.

Fairness

Fairness in economics involves equitable access to resources, opportunities, and equitable treatment of individuals within the market and distribution processes.

Willing

The state of being prepared to do something; readiness.