What Is the Mean Squared Error of the Following Forecasts

question 91

Multiple Choice

What is the mean squared error of the following forecasts?

• A)168
• B) 5
• C)20
• D) 1
• E)42

Assess the formation and significance of political factions and their influence on American governance.

Evaluate the role of societal and political agitation in shaping federal government response and policies.

Understand the challenges and dilemmas faced by the early American republic in maintaining neutrality during foreign conflicts.

Understand the importance and characteristics of a healthy sense of skepticism.

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Definitions:

Economic Policies

Economic policies refer to the actions that governments take in the economic field. They encompass tax policy, government spending, interest rates, and labor market regulations.

Equity

Fairness or justice in the way people are treated or in the distribution of resources.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable.

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco or alcohol, typically aimed at reducing consumption of these goods or raising revenue.