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I'm running a t-shirt business and have historical data. My employees Adam and Bella do their forecasts, and then I calculate their errors by subtracting
I'm running a t-shirt business and have historical data. My employees Adam and Bella do their forecasts, and then I calculate their errors by subtracting their forecasts from the actual values. The errors I get for Adam are 5 for 2020 and 10 for 2021. Bella's errors are 37 for 2020 and 54 for 2021. If I am worried about LARGE errors, what is the value of the forecast ACCURACY measure of the person that performs best?
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