The Mean Absolute Deviation (MAD)and the Sum of Squares for Forecast

question 22

Multiple Choice

The mean absolute deviation (MAD) and the sum of squares for forecast error (SSE) are the most commonly used measures of forecast accuracy.The model that forecasts the data best will usually have the:

• A)lowest MAD and highest SSE
• B)highest MAD and lowest SSE
• C)lowest MAD and SSE
• D)highest MAD and SSE

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