Which Method Would You Recommend in Selecting the Appropriate Forecasting

question 100

Multiple Choice

Which method would you recommend in selecting the appropriate forecasting model if avoiding large errors is extremely important?

• A)Mean absolute deviation (MAD).
• B)Either Mean absolute deviation (MAD) or Sum of squares for forecast error (SSE).
• C)Sum of squares for forecast error (SSE).
• D)Neither Mean absolute deviation (MAD) or Sum of squares for forecast error (SSE)

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Phobia

An extreme or irrational fear of or aversion to something.

Tarantula

A type of large, hairy spider belonging to the family Theraphosidae, known for their size and often kept as exotic pets.

Overcome

To successfully deal with or gain control of something difficult.