In situations where you need to compare forecasting methods for different time periods,relative measures such as mean absolute error (MAE)are preferred.

Name: In situations where you need to compare forecasting methods for different time periods,relative measures such as mean absolute error (MAE)are preferred.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Relative measures like mean absolute percentage error (MAPE) are preferred for comparing forecasting methods across different time periods, not absolute measures like mean absolute error (MAE).

In Situations Where You Need to Compare Forecasting Methods for Different