Which one of the following is most useful for measuring the bias in a forecast?
A. cumulative sum of forecast errors
B. standard deviation of forecast errors
C. mean absolute deviation of forecast errors
D. percentage forecast error in period t
Answer:A
Which one of the following is most useful for measuring the bias in a forecast?
A. cumulative sum of forecast errors B. standard deviation of forecast errors C. mean absolute deviation of forecast errors D. percentage forecast error in period t