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Which of the Following Error Measurement Can Be Used to Compare

question 68

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Which of the following error measurement can be used to compare forecasts across different data sets?


Definitions:

Gini Coefficient

A measure of statistical dispersion intended to represent the income inequality or wealth inequality within a nation or any other group of people.

Income Inequality

The unequal distribution of income among individuals or groups within a society, leading to economic and social disparities.

Human Capital

Is the sum of useful skills and knowledge that an individual possesses.

Business Administration

The management and operational skills required to run a business effectively, including planning, organizing, staffing, leading, and controlling organizational resources.

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