Solved

The Measure of Forecast Error Where the Amount of Error

Question 14

Multiple Choice

The measure of forecast error where the amount of error of each forecast is squared and then an average is calculated is

A) mean squared error (MSE) .
B) mean absolute deviation (MAD) .
C) mean absolute percentage error (MAPE) .
D) bias.
E) the tracking signal.

Related Questions

Q9: Marketing can utilize forecasts to make decisions

Q10: When either the supply of raw materials

Q11: Forecasting methods that imitate the consumer choices

Q13: Long-term forecasts are usually more accurate than

Q15: In general,the further up the supply chain

Q16: Forecasting methods that assume that the demand

Q17: The result of each stage in the

Q19: Explain the four types of forecasting methods.

Q42: The result when each stage in the

Q54: The _ is a good measure of