Which of the following statistical measures is used to help decision makers assess the potential for their model to provide usable forecasts?
A) The mean absolute deviation
B) The mean square error
C) Both A and B
D) Neither A nor B

Question

Quizplus · Accepted Answer

Both the mean absolute deviation and the mean square error are statistical measures used to assess the accuracy of forecasting models, helping decision makers evaluate the potential usability of their forecasts.

Which of the Following Statistical Measures Is Used to Help