Which of the following is NOT a way to measure forecasting errors?
A)mean squared error (MSE)
B)mean absolute deviation (MAD)
C)mean absolute percentage error (MAPE)
D)error sum of squares (SSE)

Question

Quizplus · Accepted Answer

Error sum of squares (SSE) is not a way to measure forecasting errors. The other options - mean squared error (MSE), mean absolute deviation (MAD), and mean absolute percentage error (MAPE) - are all commonly used methods to measure forecasting errors.

Which of the Following Is NOT a Way to Measure