Forecast Errors

question 20

Multiple Choice

Forecast errors

• A)are the difference in successive values of a time series.
• B)are the differences between actual and forecast values.
• C)should all be nonnegative.
• D)should be summed to judge the goodness of a forecasting model.

---

Definitions:

Gestalt Therapist

A practitioner of gestalt therapy, a form of psychotherapy focusing on awareness and integration of the individual's experiences at the present moment.

Family Therapy

A form of psychotherapy that involves treating family members together to heal relationships and improve communication.

Individual Therapy

A form of psychotherapy in which a therapist works one-on-one with a client to address their personal issues and strategies for their resolution.

Systematic Desensitisation

A therapeutic process used to reduce phobia or anxiety through gradual exposure to the feared stimulus combined with relaxation techniques.