_____ can be used to evaluate how well different forecasting techniques are doing.
A)Straight methods
B)Formal methods
C)Informal methods
D)Delphi methods

Question

Quizplus · Accepted Answer

Formal methods can include statistical measures, such as mean absolute deviation and mean squared error, to evaluate the accuracy and effectiveness of forecasting techniques. Straight methods and informal methods typically do not involve such statistical measures, and Delphi methods are focused on group consensus rather than evaluation of techniques.

_____ Can Be Used to Evaluate How Well Different Forecasting