To Assess the Adequacy of a Forecasting Model,one Measure That

question 30

Multiple Choice

To assess the adequacy of a forecasting model,one measure that is often used is

• A) moving averages.
• B) the MAD.
• C) exponential smoothing.
• D) quadratic trend analysis.

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Definitions:

Fourth Root

The number that when multiplied by itself three times equals the original number.

Radical Equation

An equation that features a variable contained within a radical symbol or square root.

Imaginary Unit

A mathematical concept represented by \(i\), used to describe the square root of -1, fundamental in complex number theory.

Standard Form

In mathematics, standard form can refer to a way of writing numbers using the digits 0-9, with each digit having a place value. In the context of linear equations, it refers to Ax + By = C, where A, B, and C are integers.