Forecast error:
A) takes a positive value when the forecast is too high.
B) cannot be negative.
C) cannot take a value of zero.
D) is associated with measuring forecast accuracy.

Name: Forecast error: A) takes a positive value when the forecast is too high. B) cannot be negative. C) cannot take a value of zero. D) is associated with measuring forecast accuracy.
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Question

Quizplus · Accepted Answer

The forecast in time series analysis is based solely on past values of the variable and/or on past forecast errors.

Forecast Error