Four different forecasting methods were applied to a set of time-series data. The root-mean-square error (RMSE) was calculated for each method. Which of the following four RMSE values would be associated with the forecasting method that fit the data set best?
A) 2.00
B) 1.96
C) 2.33
D) 6.21

Question

Quizplus · Accepted Answer

The forecasting method with the lowest RMSE value fits the data set best, which is 1.96 in this case.

Four Different Forecasting Methods Were Applied to a Set of Time-Series