The Most Commonly Used Measures of Forecast Accuracy Are The

question 223

Multiple Choice

The most commonly used measures of forecast accuracy are the:

• A)mean absolute deviation and the sum of squares for forecast errors
• B)sum of squares for forecast error and seasonal indexes
• C)seasonal indexes and the percentage of trend
• D)all of these choices are correct

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Definitions:

Imported Good

A product or service that is brought into one country from another for sale or use.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Major Concern

A primary or significant issue that requires attention or resolution within a particular context, such as economy, environment, or society.

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and rapidly growing economy that plays a significant role in global affairs.