Which of the Following Is NOT a Way to Measure

question 11

Multiple Choice

Which of the following is NOT a way to measure forecasting errors?

• A)mean squared error (MSE)
• B)mean absolute deviation (MAD)
• C)mean absolute percentage error (MAPE)
• D)error sum of squares (SSE)

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Definitions:

Standard Normal Distribution

The standard normal distribution is a normal distribution with a mean of 0 and a standard deviation of 1, used in probability theory to represent real-valued random variables with unknown distributions.

Mean

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the data set differ from the mean.

Standard Normal Random Variable

A random variable with a mean of 0 and a standard deviation of 1 under the normal distribution.