Differentiate Among Various Measurements of Forecasting Error,including Mean Absolute Deviation

question 38

Essay

Differentiate among various measurements of forecasting error,including mean absolute deviation and mean square error,in order to assess which forecasting method to use.

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Definitions:

Heritability Estimates

Statistical measures that indicate what proportion of variance in a trait within a population can be attributed to genetic differences.

Intelligence

The ability to learn from experience, solve problems, and use knowledge to adapt to new situations.

Adolescents

Individuals in the transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Heritability

The proportion of observed variation in a particular trait (as within a population) that can be attributed to inherited genetic factors in contrast to environmental ones.