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    Business Statistics Study Set 1
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    Exam 16: Analyzing and Forecasting Time-Series Data
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    In Measuring Forecast Errors, the MAD and the Square Root
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In Measuring Forecast Errors, the MAD and the Square Root

Question 19

Question 19

True/False

In measuring forecast errors, the MAD and the square root of the MSE will provide similar (but not identical) values, in that both provide a measure of the "typical" amount of error in forecasts.

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