Forecast Errors

question 20

Multiple Choice

Forecast errors

• A)are the difference in successive values of a time series.
• B)are the differences between actual and forecast values.
• C)should all be nonnegative.
• D)should be summed to judge the goodness of a forecasting model.

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Definitions:

England

A country that is part of the United Kingdom, located on the island of Great Britain, known for its rich history, cultural heritage, and major contributions to arts, science, and democracy.

Encomienda

A labor system in Spanish America giving settlers the right to tax local Indigenous people or to demand their labor in exchange for protecting them and teaching them Christianity.