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.

---

Definitions:

Curiosity

A desire to learn or know about anything; inquisitiveness, often seen as a driving force of learning and discovery.

Creativity

The ability to generate novel and valuable ideas or solutions.

Introverts

People whose energy tends to increase from being alone and decreases from being around others, typically preferring solitary activities.

Neurotic People

Individuals who are more likely to experience negative emotions such as anxiety, worry, fear, anger, frustration, envy, jealousy, guilt, depressed mood, and loneliness.