Which of the Following Statistical Measures Is(are) Used to Help

question 5

Multiple Choice

Which of the following statistical measures is(are) used to help decision makers assess the potential for their model to provide usable forecasts?

• A) mean square error
• B) mean absolute deviation
• C) mean absolute percentage error
• D) forecast errors
• E) all of the above

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Definitions:

Cross-sectional Research

A research method that analyzes data from a population, or a representative subset, at a specific point in time.

One Time

Occurring only once; a single occurrence or instance.

Beneficence

The ethical principle of doing good and preventing harm, often emphasized in healthcare and research contexts.

Nonmaleficence

A principle in ethics, particularly in healthcare, that emphasizes avoiding harm or injury to others.