The Measure of Forecast Error Where the Average Absolute Error

question 14

Multiple Choice

The measure of forecast error where the average absolute error of each forecast is shown as a percentage of demand is

• A)mean squared error (MSE).
• B)mean absolute percentage error (MAPE).
• C)bias.
• D)the tracking signal.

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Definitions:

Dysfunctional

Characterized by abnormal or impaired functioning, often affecting systems, relationships, or individual behavior.

Definition Of Abnormality

A concept used to describe patterns of behavior, thought, or emotion that deviate significantly from cultural norms and cause distress or impairment.

Dysfunction

An impaired or abnormal functioning of a bodily system or organ.

Danger To Self

A situation where an individual poses a threat to their own health or life, often used in the context of psychiatric evaluation.