The Measure of Forecast Error Where the Average Absolute Error

question 14

Multiple Choice

The measure of forecast error where the average absolute error of each forecast is shown as a percentage of demand is

• A)mean squared error (MSE).
• B)mean absolute percentage error (MAPE).
• C)bias.
• D)the tracking signal.

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Definitions:

Webcasts

Presentations delivered over the internet that can be watched in real-time or downloaded for future viewing.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a concern about future events.

Nervousness

A feeling of anxiety or apprehension often experienced before a significant event or in a new situation.

Presentation

A formal or informal display of information, often involving speaking to an audience and using visual aids, to inform, persuade, or entertain.