Examlex
All the following statements about resonance are true except
Mean Absolute Deviation
A statistical measure that quantifies the average absolute deviation of data points from their mean, used to gauge variability within a dataset.
Forecast Error
The difference between the actual value and the value predicted by a forecasting model.
Mean Absolute Percentage Error
A statistical measure used to calculate the accuracy of a forecasting model, expressed as a percentage of error between observed and predicted values.
Forecasts Characteristics
Features or attributes of predictions about future events, such as demand or market trends, including accuracy, reliability, and timeliness.
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