Which of the following statement is true about statistical measures used to estimate and report forecast error?
A) MSE (mean square error) is in the same units as the data.
B) MAD (mean absolute deviation) can be negative.
C) If the measurements are rescaled, MAD won't change.
D) Forecast errors cannot be negative.
E) If you choose to rescale measurements, both MASE and MAD will change, but MAPE will remain the same.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statement is true about statistical measures used to estimate and report forecast error?
A) MSE (mean square error) is in the same units as the data.
B) MAD (mean absolute deviation) can be negative.
C) If the measurements are rescaled, MAD won't change.
D) Forecast errors cannot be negative.
E) If you choose to rescale measurements, both MASE and MAD will change, but MAPE will remain the same.

Which of the Following Statement Is True About Statistical Measures