One Measure of the Accuracy of a Forecasting Model Is

question 47

Multiple Choice

One measure of the accuracy of a forecasting model is the

• A)smoothing constant.
• B)linear trend.
• C)mean absolute error.
• D)seasonal index.

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Definitions:

Response

In statistics, the answer or reaction to some stimulus or experiment; in communication, it's the reply or reaction to a message or question.

Air Pressure

The force exerted onto a surface by the weight of the air above that surface in the atmosphere of Earth.

Altitude

The height of an object or point in relation to sea level or ground level.

Moderately Strong Association

A term indicating a significant but not perfect relationship between two variables in statistical analysis.