One Measure of the Accuracy of a Forecasting Model Is

question 20

Multiple Choice

One measure of the accuracy of a forecasting model is

• A) the smoothing constant.
• B) a deseasonalized time series.
• C) the mean absolute error.
• D) a projected index value.

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Definitions:

Financial Data

Financial data consists of records, figures, and quantitative information related to the financial status, operations, and performance of an entity.

Dividends

Payments made by a corporation to its shareholder members; it is the portion of corporate profits paid out to stockholders.

Average Collection Period

The average time it takes for a business to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.

Balance Sheet

A statement that presents an organization's assets, liabilities, and the equity of its shareholders at a distinct point in time.