_____ is the sum of all the error terms and is useful when overestimation errors cancel out underestimation errors.
A)MAPE
B)CFE
C)MAD
D)MSE

Question

Quizplus · Accepted Answer

CFE stands for cumulative forecast error, which is the sum of all the error terms. CFE can be useful when overestimation errors cancel out underestimation errors, as it provides information about the overall direction and magnitude of errors in the forecast. The other options, MAPE, MAD, and MSE, do not necessarily provide this information. MAPE is a measure of relative forecast accuracy, while MAD and MSE are measures of absolute forecast accuracy.

_____ Is the Sum of All the Error Terms and Is