The square root of MSE is used to estimate the sample standard deviation of forecast errors.
Correct Answer:
Verified
Q41: A random pattern of errors within the
Q42: The two general approaches to forecasting are:
A)mathematical
Q44: A control chart involves setting control limits
Q45: A proactive approach to forecasts might involve
Q47: Which of the following is not necessarily
Q48: When all the forecast errors plotted on
Q49: Using control charts to monitor forecast error
Q50: In operations,forecasts are the basis for all
Q51: The use of a control chart assumes
Q51: The best forecast is always the one
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents