Multiple Choice
Zanda Corp.has been testing the performance of two different forecasting models to see which it should adopt for use.It wants to choose the model that has the smaller standard deviation of the forecast errors.Zanda should compare which of the following to make its choice?
A) MAD of the two models
B) MAPE of the two models
C) RMSE of the two models
D) MFE of the two models
Correct Answer:
Verified
Correct Answer:
Verified
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