SOLUTION: Enter a letter (a,b,c,etc) from the list into each of the boxes. - Mean Error - Mean Percentage Error - Mean Absolute Percentage Error

SOLUTION: Enter a letter (a,b,c,etc) from the list into each of the boxes. - Mean Error - Mean Percentage Error - Mean Absolute Percentage Error - Mean Absolute Error

Question 1170841: Enter a letter (a,b,c,etc) from the list into each of the boxes.
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Mean Error
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Mean Percentage Error
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Mean Absolute Percentage Error
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Mean Absolute Error
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Root Mean Squared Error
a) better if the data varies over a wide range due to compound growth or inflation or seasonality, in which you may want to measure percentage errors.
b) Shows the random walk model.
c)This indicates whether forecasts are biased high or low in percentage terms.
d) Demonstrates locally stationary variables with a moving average.
e) The average of the absolute values of the errors, more tolerant of occasional big errors.
f) This indicates whether forecasts are biased high or low.
g) The most common standard of goodness-of-fit, penalized big errors by squaring them.
h) Shows Independent Identically Distributed Random Variables.
Answer by ikleyn(53765) (Show Source): You can put this solution on YOUR website!
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16 tons of gibberish.

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