Which of the Following Is NOT a Measure of Variance

question 4

Multiple Choice

Which of the following is NOT a measure of variance in the forecast error?

• A) CFE (cumulative forecast error).
• B) MAD (mean absolute deviation).
• C) MAPE (mean absolute percentage errors).
• D) All of the above are measures of variance.

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Definitions:

Language

A system of spoken, written, or gestural symbols used for communication between individuals.

Culture

The patterns of behavior, beliefs, and customs that are shared by a community or society, shaping their way of life and worldview.

Material and Nonmaterial

A classification indicating tangible resources like goods and money (material) and intangible elements like culture and social norms (nonmaterial).

Cultural Customs

The traditional practices, beliefs, and behaviors that are unique to a particular social, ethnic, or age group.