The Forecaster Who Uses MSD (Mean Squared Deviations)to Measure the Effectiveness

question 130

True/False

The forecaster who uses MSD (mean squared deviations)to measure the effectiveness of forecasting methods would prefer method 1 that results in several smaller forecast errors to method 2 that results in one large forecast error equal to the sum of the absolute values of several small forecast errors given by method 1.

Calculate and interpret confidence intervals in the context of statistical inference.

Evaluate the effectiveness of an intervention through comparison of means using statistical software tools.

Understand the criteria and financial reporting for short-term versus long-term investments.

Prepare journal entries for transactions involving international trade and foreign exchange.

---

Definitions:

Voltage

The electrical potential difference between two points, or the force that drives an electric current between those points.

Armature

The rotating part of an electric machine, such as a motor or generator, around which the electromotive force is generated.

Pulse-width

The duration of time that a pulse in a pulse modulation system is at a high or significant level, important in determining signal characteristics.

ServoDisc Motor

A motor that employs a printed circuit board as the armature.