Which method would you recommend to your statistics professor in selecting the appropriate forecasting model if avoiding large errors is extremely important to him or her?
A)Mean absolute deviation (MAD)
B)Sum of squares for forecast error (SSE)
C)Either a or b
D)Neither a nor b

Question

Quizplus · Accepted Answer

The Answer of Which method would you recommend to your statistics professor in selecting the appropriate forecasting model if avoiding large errors is extremely important to him or her?
A)Mean absolute deviation (MAD)
B)Sum of squares for forecast error (SSE)
C)Either a or b
D)Neither a nor b

Which Method Would You Recommend to Your Statistics Professor in Selecting