The Most Commonly Used Measures of Forecast Accuracy Are the Mean

question 129

True/False

The most commonly used measures of forecast accuracy are the mean absolute deviation (MAD)and the sum of squares for forecast error (SSE).

---

Definitions:

Transportation Systems

Infrastructure and vehicles designed for the movement of goods and people from one location to another, including roads, railways, airways, waterways, and pipelines.

American Engineers

Professionals from the United States engaged in the application of scientific principles to design, construct, and maintain structures, machines, and systems.

Publicly Funded

Financially supported by government funds, often referring to institutions, projects, or services that receive taxpayer money.

Federal Government

The national government of a federal country, where power is divided between the central authority and constituent units or states.