Which of the following measures of forecast fit may correctly be used to compare different forecast models of a given data series? A. Theil's U B. Mean Absolute Error C. Root Mean Square Error D. All of the options are correct
Which of the following measures of forecast fit may correctly be used to compare different forecast models of a given data series? A. Theil's U B. Mean Absolute Error C. Root Mean Square Error D. All of the options are correct
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Which of the following measures of forecast fit may correctly be used to compare different forecast models of a given data series?
A. Theil's U
B. Mean Absolute Error
C. Root Mean Square Error
D. All of the options are correct.
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