One Measure of the Accuracy of a Forecasting Model Is

question 139

Multiple Choice

One measure of the accuracy of a forecasting model is the:

• A)deseasonalised time series.
• B)four-period moving average.
• C)mean absolute deviation.
• D)smoothing constant.

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Definitions:

Salience

The quality of being particularly noticeable or important; prominence.

Stereotypes

Oversimplified generalized beliefs about a particular group of people or things.

Diminished Judgement

A state or condition where a person's ability to make considered decisions or evaluations is impaired or reduced.

Sorting

The process of arranging items in a systematic order or classifying them into categories.