Which of the Following Summary Measures for Forecast Errors Does

question 28

Multiple Choice

Which of the following summary measures for forecast errors does not depend on the units of the forecast variable?

• A) MAE (mean absolute error)
• B) MFE (mean forecast error)
• C) RMSE (root mean square error)
• D) MAPE (mean absolute percentage error)

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Definitions:

UCS

Unconditioned Stimulus; in classical conditioning, it is something that naturally and automatically triggers a response without any learning needed.

UCR

stands for Unconditioned Response, an automatic and natural reaction to an unconditioned stimulus, not learned or conditioned.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior learning or conditioning.

Salivary Glands

Glands located in the mouth that produce saliva, which aids in digestion and keeps the mouth moist.