In Case of Forecasts, the Root Mean Squared Error Is

question 18

Multiple Choice

In case of forecasts, the root mean squared error is the:

• A)average of the forecast errors divided by the variance of the errors.
• B)average of the absolute forecast errors.
• C)standard deviation of the forecast errors without any degrees of freedom adjustment.
• D)standard deviation of the forecast errors with a degrees of freedom adjustment.

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Definitions:

Performance

The act of carrying out a task with a particular level of efficiency or success.

Satisfaction

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Organizational Citizenship Behaviour

Discretionary behaviors exhibited by employees that are beneficial to the organization and are not necessarily recognized by formal reward systems.

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