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:

Set Down

To place or lay something in a specified location; in legal terms, it can refer to scheduling a case or matter for hearing in court.

Unjust Dismissal

Termination of employment that is deemed unfair or without proper legal cause, giving rise to legal action by the dismissed employee.

Vindicate

To clear from blame or suspicion; to justify, prove, or reinforce the correctness of someone's actions or a particular stance.

Party and Party Basis

A legal term referring to the assessment of legal costs that are to be paid by one party to another in a lawsuit.