Which of the Following Statements Is True About the Forecasting

question 34

Multiple Choice

Which of the following statements is true about the forecasting error measures?

• A)Mean absolute deviation is complex and difficult to compute.
• B)Cumulative sum error tracks the forecasting bias.
• C)Mean absolute deviation provides the percentage of error.
• D)Mean squared errors cannot track the accuracy of the forecast.

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Definitions:

Marketspace

An information- and communication-based electronic exchange environment mostly occupied by sophisticated computer and telecommunication technologies and digital offerings.

Computer-Mediated Environment

A digital space enabled by computer technology in which individuals can interact, communicate, and create or access content.

Dramatic Impacts

Significant and often sudden effects or changes that dramatically alter the course or nature of events.