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

---

Definitions:

Embrace Diversity

The act of acknowledging, appreciating, and incorporating a wide range of differences among people in a group or organization, including cultural, religious, gender, and racial diversity.

Diversity Awareness

Diversity awareness involves recognizing and appreciating the mix of differences and similarities among people, including those related to culture, ethnicity, gender, and more.

Job Dissatisfaction

A state of unhappiness or discontentment with one's job, often due to factors like poor working conditions, low pay, or lack of recognition.

Job Avoidance

A behavior or mindset where an individual tries to escape or minimize their work duties and responsibilities.