One Measure of the Accuracy of a Forecasting Model Is

question 178

Multiple Choice

One measure of the accuracy of a forecasting model is the:

• A)deseasonalized time series
• B)four-period moving averages
• C)mean absolute deviation
• D)smoothing constant

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Definitions:

Job

Employment, typically a role performed by an individual in exchange for payment.

Money

A medium of exchange used to facilitate the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Career Interest

Personal preferences or inclinations towards specific professions or occupational areas.

Mechanic

A professional who specializes in repairing and maintaining machinery, particularly automobiles.