The Measure of Forecast Error Where the Amount of Error

question 75

Multiple Choice

The measure of forecast error where the amount of error of each forecast is squared and then an average is calculated is

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

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Definitions:

New Deal Program

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to address the Great Depression.

Unitarist View

A perspective in industrial relations that emphasizes the shared interests and harmony between employers and employees, as opposed to conflict.

Labor Relations

The field concerned with the management of relationships between employers and employees, focusing on the negotiation, application, and administration of work agreements.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States and becoming the longest and most widespread depression of the 20th century.