The mean squared error is the best tool for measuring forecast error.

Name: The mean squared error is the best tool for measuring forecast error.
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Quizplus · Accepted Answer

The mean squared error (MSE) is a common measure for forecast error, but whether it is the "best" tool depends on the specific context and requirements of the forecasting task. Other measures like mean absolute error (MAE) or mean absolute percentage error (MAPE) might be more appropriate depending on the situation.

The Mean Squared Error Is the Best Tool for Measuring