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In Analyzing a Forecast Model, What Is the Main Advantage

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Essay

In analyzing a forecast model, what is the main advantage of using the MAD instead of the MSE?


Definitions:

Temperature

A measure of the average kinetic energy of the particles in a system, indicating how hot or cold the system is.

°C

A scale and unit of measurement for temperature where 0°C is the freezing point of water and 100°C is its boiling point at 1 atmosphere of pressure.

Atm

A unit of pressure, also known as atmosphere, approximately equal to the earth's atmospheric pressure at sea level.

Temperature

A measure of the average kinetic energy of the particles in a system, signifying how hot or cold the system is.

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