Which of the following is true about forecast bias?
A)It is the mean absolute deviation.
B)It is equal to the square root of the MSE.
C)When it is negative it means that the forecasts tended to be too high.
D)When it is positive it means that the forecasts tended to be low.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true about forecast bias?
A)It is the mean absolute deviation.
B)It is equal to the square root of the MSE.
C)When it is negative it means that the forecasts tended to be too high.
D)When it is positive it means that the forecasts tended to be low.

Which of the Following Is True About Forecast Bias