Which of the Following Statements Concerning Average Error Is True

question 27

Multiple Choice

Which of the following statements concerning average error is true?

• A)A positive value indicates high bias,and a negative value indicates low bias.
• B)A positive value indicates zero bias,and a negative value indicates low bias.
• C)A negative value indicates zero bias,and a negative value indicates high bias.
• D)A positive value indicates low bias,and a negative value indicates high bias.

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Definitions:

Speculative Processes

Refers to procedures or methods based on conjecture rather than knowledge, often used in finance or trading to make decisions based on potential future events.

Reactive Processes

Processes that are initiated in response to specific situations or changes, rather than being pre-planned or proactive.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent, involved in producing and delivering a product or service from suppliers to the end consumer.

Major Components

The primary elements or parts that make up a product or system, critical for its operation or functionality.