Which of the following factors is generally not a consideration at the time of selecting an appropriate forecasting method to use?
A)Amount of historical data available
B)Forecast horizon
C)Mean square error in the forecast
D)Evidence of a pattern in time series data
E)Preparation time (cost)

Question

Quizplus · Accepted Answer

Mean square error (MSE) in the forecast is a measure used to evaluate the accuracy of a forecasting model after it has been selected and applied, not a factor considered when selecting the forecasting method itself.

Which of the Following Factors Is Generally Not a Consideration