Business, 13.07.2021 16:00 jacksonsmith0

A forecaster wishes to present the (i) magnitude (size) and (ii) direction (bias) of a forecast's error, as well as (iii) draw a confidence interval around the extent of error in the forecast, in that order. Which of the following sequence of error measures best represents this arrangement? a. MAPE, Mean Error (or MPE), RMSE , in that order.
b. Mean error, MAPE, MAD (or MAE) , in that order.
c. Theil's U Stat, RMSE, MAPE , in that order.
d. Mean Error, CFE, MAPE, in that order.

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A forecaster wishes to present the (i) magnitude (size) and (ii) direction (bias) of a forecast's er...

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