The Most Commonly Used Measures of Forecast Accuracy Are The

question 10

Multiple Choice

The most commonly used measures of forecast accuracy are the:

• A)mean absolute deviation and the sum of squares for forecast errors.
• B)sum of squares for forecast error and seasonal indexes.
• C)seasonal indexes and the percentage of trend.
• D)All of these choices are correct.

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Definitions:

Corporate Tax Rate

The percentage of a corporation's taxable income that is paid as tax to the government, varying by country and sometimes within regions of a country.

CCA Class

Refers to the classification of assets for tax purposes in Canada, determining the rate at which an asset depreciates.

Net Advantage

The benefit that results from a certain business decision, considering all related costs and revenues.

CCA Rate

Capital Cost Allowance rate, which is the percentage used to calculate depreciation for tax purposes on capital assets.