Which of the Following Is True About Forecast Bias

question 112

Multiple Choice

Which of the following is true about forecast bias?

• A) It is the mean absolute deviation.
• B) It is equal to the square root of the MSE.
• C) When it is negative it means that the forecasts tended to be high.
• D) When it is positive it means that the forecasts tended to be high.

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Definitions:

Master of Ceremonies

A person who presides over an event or ceremony, ensuring the agenda flows smoothly and engaging with the audience.

Public Speaking

The act of delivering a speech to a live audience with the purpose of informing, persuading, or entertaining.

Terrifies

Elicits a strong feeling of fear or dread.

Highly Subjective

Based on or influenced by personal feelings, tastes, or opinions to a great extent, making it vary between individuals.