One Measure of the Accuracy of a Forecasting Model Is

question 47

Multiple Choice

One measure of the accuracy of a forecasting model is the

• A)smoothing constant.
• B)linear trend.
• C)mean absolute error.
• D)seasonal index.

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Definitions:

Natural World

The aspects of the environment and life that are not created or significantly altered by human beings, including flora, fauna, geology, and climate.

Alexis de Tocqueville

A French political thinker and historian best known for his works "Democracy in America" exploring the effects of the rising equality of social conditions.

American Society

The social structure, culture, and community life of the United States.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.