Four types of forecast error measures can be used. Which one of the following is not one of the four types?
A) cumulative sum of forecast errors
B) exponential smoothing for trends
C) mean squared error
D) mean absolute deviation

Question

Quizplus · Accepted Answer

The four types of forecast error measures are cumulative sum of forecast errors, mean squared error, mean absolute deviation, and mean absolute percentage error. Exponential smoothing for trends is not a type of forecast error measure, but rather a method for smoothing and forecasting time series data.

Four Types of Forecast Error Measures Can Be Used