Which of the Following Summary Measures for Forecast Errors Does

question 28

Multiple Choice

Which of the following summary measures for forecast errors does not depend on the units of the forecast variable?

• A) MAE (mean absolute error)
• B) MFE (mean forecast error)
• C) RMSE (root mean square error)
• D) MAPE (mean absolute percentage error)

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that unconditionally—naturally and automatically—triggers a response without any learning needed.

Behaviorism

An approach to psychology that emphasizes the study of observable behavior and the role of the environment and prior experience as determinants of behavior.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on unconscious processes and childhood experiences.