In the formula for MAD, MAPE, and MSE, the Y_t and _t terms represent A)the actual and mean values, respectively. B)the actual and forecasted values, respectively. C)the forecasted and actual values, respectively. D)the predicted and forecasted values, respectively.

Question

Quizplus · Accepted Answer

In the formulas for MAD (Mean Absolute Deviation), MAPE (Mean Absolute Percentage Error), and MSE (Mean Squared Error), Y_t represents the actual value of a data point, while 11ea68ee_b881_7bc1_b0a4_7740f06daec1_TB5443_11 represents the forecasted value. Therefore, the correct interpretation for Y_t and 11ea68ee_b881_7bc1_b0a4_7740f06daec1_TB5443_11 is that Y_t is the actual value and 11ea68ee_b881_7bc1_b0a4_7740f06daec1_TB5443_11 is the forecasted value. Hence, option B, which specifies that Y_t and 11ea68ee_b881_7bc1_b0a4_7740f06daec1_TB5443_11 represent the actual and forecasted values, respectively, is correct.

In the Formula for MAD, MAPE, and MSE, the Yt

In the Formula for MAD, MAPE, and MSE, the Y_t