The measure of forecast error where the amount of error of each forecast is squared and then
Question:
The measure of forecast error where the amount of error of each forecast is squared and then an average is calculated is
mean squared error (MSE).
mean absolute deviation (MAD).
mean absolute percentage error (MAPE).
the tracking signal.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
The measure of forecast error where the amount of error of each forecast is squared and then ...View the full answer
Answered By
Emel Khan
I have the ability to effectively communicate and demonstrate concepts to students. Through my practical application of the subject required, I am able to provide real-world examples and clarify complex ideas. This helps students to better understand and retain the information, leading to improved performance and confidence in their abilities. Additionally, my hands-on approach allows for interactive lessons and personalized instruction, catering to the individual needs and learning styles of each student.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Supply Chain Management Strategy Planning And Operation
ISBN: 9781292257891
7th Global Edition
Authors: Sunil Chopra
Question Posted:
Students also viewed these Business questions
-
The measure of forecast error where the average absolute error of each forecast is shown as a percentage of demand is mean squared error (MSE). bias. mean absolute percentage error (MAPE). the...
-
The measure of forecast error where the average absolute error of each forecast is shown as a percentage of demand is mean absolute percentage error (MAPE). mean squared error (MSE). bias. the...
-
The measure of forecast error where the absolute amount of error of each forecast is averaged is mean squared error (MSE). mean absolute deviation (MAD). mean absolute percentage error (MAPE). bias.
-
The core problem of a command-and-control approach to environmental policy is its inherent bias or tendency to standard-setting practice that is uniformly applicable to all situations. For example,...
-
What is different - the significance of the approach taken? Why is the explanation of epidemiology important? Why don't we do this type of thing more often? If you were developing a sheet for your...
-
need help with the following problem ty The Blending Department of Long Company has these cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100%...
-
15- to 44-year-olds. Below are the percentages of residents between the ages of 15 and 44 in the 50 states in 2006. State Percent State Percent Alabama 41.0 Montana 39.1 Alaska 45.0 Nebraska 41.2...
-
On July 1, 2011, Kosa, a new corporation, issued 20,000 shares of its common stock to finance a corporate Headquarters building. The building has a fair market value of $600,000 and a book value of...
-
interest for the yeands at 1 0 4 . Record the of the bonds was $ 5 , 1 2 0 , 0 0 0 , the com - p 1 0 - 6 B Suppose you . from the financial stat have been presented with the following selected...
-
The ________ is a good measure of forecast error when the underlying forecast has significant seasonality and demand varies considerably from one period to the next. MAD MSE MKE MAPE
-
The simple exponential smoothing forecast method is appropriate when demand has observable trend or seasonality. demand has no observable trend or seasonality. demand has observable trend and...
-
Discuss the advantages and disadvantages of grievance mediation.
-
Hey i need the following pages done ASAP.Please and thank you D2L Lesson 1: Electrostatics - Physics X L1Electrostatics X Course Hero +...
-
Bed & Bath, a retailing company, has two departmentsHardware and Linens. The companys most recent monthly contribution format income statement follows: Department Total Hardware Linens Sales $...
-
Use the formula g'(a) = lim. [(g(x)-g(a) )/ (x-a) ] x-->a to find g'(x) for g(x) = srqrt(x+7). Find the equation fo the tangrnt line to g(x) at x =-5
-
As shown in the figure below, an incompressible liquid flows steadily and vertically upward in a circular cross-sectional pipe. At section (1), the velocity profile over the cross-sectional area is...
-
writE a paper on teamwork 1. Share an experience with working on teamwork during your academic journey or on the job. 2. Share both positive and negative experiences. 3. What are your suggestions...
-
Ajax Company had a $17,000, 7%, 30-day note of Beatrice Inc. At maturity, April 4, Beatrice dishonoured the note. Record the entry on April 4.
-
A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
-
The Wall Street Journal reported that although GM and Toyota are operating with the same number of inventory turns, Toyotas throughput is twice that of GM. The discrepancy, concluded the writer,...
-
Is there a difference between low inventories and fast inventory turnover?
-
Is there a difference between flow time and takt time? Illustrate with an example.
-
Series of Compound Interest Techniques The following are several situations involving compound interest. Required: Using the appropriate table, solve each of the following: ( Click here to access the...
-
If Clark Kelly has recognized gain on an exchange of like-kind property held for investment use, where does Clark report the gain? First on Form 8824, then carried to Schedule D. First on Form 8824,...
-
An investor put 40% of her money in Stock A and 60% in Stock B. Stock A has a beta of 1.2 and Stock B has a beta of 1.6. If the risk-free rate is 5% and the expected return on the market is 12%,...
Study smarter with the SolutionInn App