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QUESTION 1 Which statement about forecast accuracy is true ? A manager must be careful not to overfit past data. The ultimate test of forecasting
QUESTION 1
Which statement about forecast accuracy is true?
| A manager must be careful not to "overfit" past data. | ||
| The ultimate test of forecasting power is how well a model fits past data. | ||
| The ultimate test of forecasting power is how a model fits holdout samples. | ||
| The best technique in explaining past data is the best technique to predict the future. |
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Management
Authors: Patrick J. Montana, Bruce H. Charnov
5th Edition
1438004826, 978-1438004822
