________ expresses the error as a percent of the actual values.
A) MAD
B) MSE
C) MAPE
D) FIT
E) The smoothing constant

Question

Quizplus · Accepted Answer

MAPE (Mean Absolute Percentage Error) expresses the error as a percentage of the actual values, making it the best choice for this question. MAD (Mean Absolute Deviation) and MSE (Mean Squared Error) express the error in units of the original data and are not percentages. FIT (Goodness of Fit) is a measure of how well a model fits the data, not an error measure. The smoothing constant is not an error measure at all.

________ Expresses the Error as a Percent of the Actual