Mathematics, 17.03.2020 06:41 josh3419
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. Mean error, MAPE, MAD (or MAE) , in that order. b. MAPE, Mean Error (or MPE), RMSE , 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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I'm confused on this could anyone me and show me what i need to do to solve it.
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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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