The Measure of Forecast Error Where the Absolute Amount of Error

question 55

Multiple Choice

The measure of forecast error where the absolute amount of error of each forecast is averaged is

• A)mean squared error (MSE).
• B)mean absolute deviation (MAD).
• C)mean absolute percentage error (MAPE).
• D)bias.

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Definitions:

Radioactivity

The spontaneous emission of radiation from the nucleus of an unstable atom as it changes to a more stable form.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Unsafe Levels

Concentrations or situations that exceed the thresholds deemed safe by regulations or health guidelines.

Radioactivity

The process by which unstable atomic nuclei lose energy by emitting radiation, including alpha particles, beta particles, and gamma rays.