Which of the Following Statement Is True About Statistical Measures

question 19

Multiple Choice

Which of the following statement is true about statistical measures used to estimate and report forecast error?

• A) MSE (mean square error) is in the same units as the data.
• B) MAD (mean absolute deviation) can be negative.
• C) If the measurements are rescaled, MAD won't change.
• D) Forecast errors cannot be negative.
• E) If you choose to rescale measurements, both MASE and MAD will change, but MAPE will remain the same.

Learn about utilitarian views on the moral considerations of treating impaired infants.

Examine the societal and individual ethical dilemmas posed by expensive treatments for impaired newborns.

Understand different methods and biases involved in completing personality inventories.

Recognize the impact of personality traits on handling pressure and interaction with others.

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Definitions:

Accurate

The quality of being correct or precise, often used in the context of numerical or factual information.

Cent

A monetary unit in various countries, equal to one-hundredth of a base currency.

Verify

To check or test the accuracy or correctness of something.

Pair of Equations

Represents two equations involving the same variables, often solved simultaneously to find the values of those variables.