One Measure of the Accuracy of a Forecasting Model Is

question 22

Multiple Choice

One measure of the accuracy of a forecasting model is the ______.

• A) smoothing constant
• B) trend pattern
• C) mean absolute error
• D) seasonal index

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Definitions:

Noise

Unwanted or distracting sounds, but in communication theory, it also refers to any interference that distorts or hinders the transmission of a message.

Compromise

An agreement or a settlement of a dispute reached by each side making concessions.

Transmit

The act of sending or conveying information, signals, or data from one person, device, or place to another.

Interpersonal Communication

The process through which people exchange information, feelings, and meaning through verbal and non-verbal messages in a face-to-face context.