Given Forecast Errors of 4, 8, and −3, What Is

question 50

Multiple Choice

Given forecast errors of 4, 8, and −3, what is the mean square error?

• A) 5
• B) 9
• C) 25
• D) 29.67
• E) 89

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Definitions:

Diagram

A basic illustration that depicts the look, framework, or function of something through a schematic outline.

Collude

Collude means to cooperate with others, usually in secret, especially with competitors to achieve a deceitful purpose, like fixing market prices.

Payoff Matrix

A payoff matrix is a table that shows the potential outcomes or payoffs from different strategies chosen by players in a strategic game.

Strategy Combinations

Various tactics or methods combined and deployed by businesses or individuals to achieve desired goals or outcomes.