Which of the following is true about forecast bias?
A) It is the mean absolute deviation.
B) It is equal to the square root of the MSE.
C) When it is negative it means that the forecasts tended to be high.
D) When it is positive it means that the forecasts tended to be high.

Question

Quizplus · Accepted Answer

When forecast bias is negative, it means that the forecasts tended to be high.

Which of the Following Is True About Forecast Bias