Which of the Following Measures of Forecast Accuracy Is Susceptible

question 33

Multiple Choice

Which of the following measures of forecast accuracy is susceptible to the problem of positive and negative forecast errors offsetting one another?

• A)Mean absolute error
• B)Mean forecast error
• C)Mean squared error
• D)Mean absolute percentage error

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Definitions:

Genus

A term in classification denoting a category of organisms sharing common characteristics, ranking above species and below family.

Furniture

Objects used to make a room or building suitable for living or working in, such as chairs, tables, and beds.

Tables

Pieces of furniture consisting of a flat top supported by one or more legs, used for various activities like eating, writing, or working.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, classified within a shared genus.