True/False
When forecast errors occur in a normally distributed pattern, the ratio of the mean absolute deviation to the standard deviation is 2 to 1, or 2 × MAD = 1 standard deviation.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q30: In causal relationship forecasting, leading indicators are
Q31: In a forecasting model using simple moving
Q32: Exponential smoothing forecasts always lag behind the
Q33: Linear regression is not useful for aggregate
Q34: Which of the following is the percentage
Q36: In the simple exponential smoothing forecasting model,
Q37: Which of the following forecasting methodologies is
Q38: The equation for exponential smoothing states that
Q39: Which of the following forecasting methodologies is
Q40: In time series data depicting demand, which