Which of the following methods tells whether the forecast tends to be too high or too low?
A)MAD
B)MSE
C)MAPE
D)decomposition
E)bias

Name: Which of the following methods tells whether the forecast tends to be too high or too low? A)MAD B)MSE C)MAPE D)decomposition E)bias
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Bias measures whether the forecast tends to be consistently too high or too low, whereas the other methods (MAD, MSE, MAPE, decomposition) do not directly assess this aspect of forecasting accuracy.

Which of the Following Methods Tells Whether the Forecast Tends