The Measure of Forecast Error Where the Absolute Amount of Error

question 1

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.
• E) the tracking signal.

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Definitions:

Lymph Drainage

The process by which the lymphatic system collects and removes bodily wastes and excess fluids from tissues.

Lymph Nodes

Lymph nodes are small, bean-shaped structures that filter lymph fluid and house white blood cells, which battle infection.

Filtered

A process of removing or separating unwanted substances from a liquid, gas, or solid by passing it through a medium that retains the undesired materials.

Lymph

A clear fluid that circulates through the lymphatic system, carrying cells that help fight infection and disease.