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.

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Definitions:

Unjustified Negative Attitude

An unfavorable opinion or feeling formed beforehand or without knowledge, reason, or consideration of the facts.

Prejudice

A preconceived opinion or judgment made without adequate knowledge or examination of the facts, often based on stereotypes.

Ethnic Minority Status

Refers to the classification of individuals who belong to groups with distinct cultural, racial, or national backgrounds that are smaller in number compared to the majority population within a society or country.

SES

Short for Socioeconomic Status, which refers to an individual's or group's economic and social position in relation to others, based on income, education, and occupation.