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:

Dyspnea

A medical term for difficulty in breathing or shortness of breath, a symptom of various underlying health conditions.

Auscultating

The act of listening to the internal sounds of the body, typically using a stethoscope, as part of a medical examination.

Palpating

The act of examining a part of the body by touch, especially for medical purposes, to detect conditions or characteristics.

Scanning

The act of examining something closely, often using a machine or electronic device to detect a specific feature or to gather information.