Bias Is Measured by the Ratio of the Cumulative Sum

question 123

True/False

Bias is measured by the ratio of the cumulative sum of forecast errors to the mean absolute deviation (MAD).

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Definitions:

Reflective Strategy

A cognitive approach involving thoughtful consideration and analysis of one's actions, feelings, and the effects they produce.

Cognitive Process

Refers to the mental operations involved in acquiring, processing, and storing knowledge.

Biased Attitudes

Prejudiced opinions or inclinations that are often unreasoned and favor one side or outcome over others without fair justification.

Experiential Process

Learning through direct experience or doing, characterized by exploration and active participation.