In calculation of squared forecast errors, an error of +3 yields a loss three times greater than an error of −1.

Name: In calculation of squared forecast errors, an error of +3 yields a loss three times greater than an error of −1.
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Quizplus · Accepted Answer

Squared forecast errors square the value of the error, so both +3 and -1 when squared become 9 and 1, respectively, making the error of +3 nine times greater, not three times.

In Calculation of Squared Forecast Errors, an Error of +3