The Most Commonly Used Measures of Forecast Accuracy Are The

question 10

Multiple Choice

The most commonly used measures of forecast accuracy are the:

• A)mean absolute deviation and the sum of squares for forecast errors.
• B)sum of squares for forecast error and seasonal indexes.
• C)seasonal indexes and the percentage of trend.
• D)All of these choices are correct.

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Definitions:

Extreme Position

A viewpoint or stance that is far removed from the mainstream or moderate perspectives, often rigid and uncompromising.

Informal Basis

Not formally established or systematic, often based on custom, tradition, or personal judgement.

Pacesetting Leader

A leadership style characterized by setting high performance standards and leading by example, expecting team members to follow.