Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is a key difference between mean square error and mean absolute deviation? Select Select The value of the mean square error

image text in transcribed
image text in transcribed
Which of the following is a key difference between mean square error and mean absolute deviation? Select Select The value of the mean square error depends on the measurement scale of the time series data. Mean square error is influenced much more by large forecast errors than by small errors, A market share error will always have a small mean square error while the market share error will always have a large mean absolute deviation. Mean square error is influenced much more by small forecast errors than by large errors

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

4th Edition

0134744934, 9780134744933

More Books

Students also viewed these General Management questions

Question

The background knowledge of the interpreter

Answered: 1 week ago

Question

How easy the information is to remember

Answered: 1 week ago