One Measure of the Accuracy of a Forecasting Model Is

question 27

Multiple Choice

One measure of the accuracy of a forecasting model is ______.

• A) the smoothing constant
• B) a deseasonalized time series
• C) the mean squared error
• D) None of the answers is correct.

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Definitions:

Random Number Intervals

A sequence or range of numbers generated in such a way that each possible number is equally likely to occur, often used in simulations and statistical sampling.

Single-Channel

Pertaining to systems or processes that have only one path or mode of operation for handling tasks or transactions.

Single-Phase System

A system in which the customer receives service from only one station and then exits the system.

Interarrival Time

The duration of time between the arrival of one entity and the next in a queue or system.