The Measure of Forecast Error Where the Absolute Amount of Error

question 55

Multiple Choice

The measure of forecast error where the absolute amount of error of each forecast is averaged is

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

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Definitions:

Molting Hormone

A hormone, also known as ecdysone, that triggers the molting process in arthropods, leading to shedding of the exoskeleton and growth.

Corticotropin

Also known as adrenocorticotropic hormone (ACTH), it is a hormone produced by the anterior pituitary gland that stimulates the adrenal cortex.

Androgen Insensitivity Syndrome

A condition where the body cannot respond properly to male sex hormones, leading to female physical traits despite having male genetic makeup.

Testosterone

Hormone secreted by testes; functions in sperm formation and development of male secondary sex characteristics.