MSE Weighs Errors According to ______________ and MAPE Weighs According

question 97

Multiple Choice

MSE weighs errors according to ______________ and MAPE weighs according to _______________.

• A) squared values; mean absolute values
• B) absolute values; absolute percentage error
• C) absolute percentage error; squared values
• D) squared values; absolute percentage error
• E) none of the choices are correct.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced over a specific time period at constant prices.

Depreciation

The gradual reduction in the economic value of the physical assets of a company due to wear and tear over time, or the loss in value of a currency.

NDP

Net Domestic Product; it calculates the total value of all goods and services produced within a country in a specific period minus depreciation.

Intermediate Product

Goods that are used in the production process to make other goods, rather than being bought by consumers.