All of the following are used to measure forecast errors EXCEPT?
A)Mean absolute difference (MAD)
B)Mean weighted moving average (MWMA)
C)Mean absolute percentage error (MAPE)
D)Mean squared error (MSE)

Question

Quizplus · Accepted Answer

The Mean weighted moving average (MWMA) is not a measure of forecast error, but rather a forecasting method that assigns different weights to different time periods in order to give more weight to recent observations. The other three options (MAD, MAPE, MSE) are all measures of forecast error.

All of the Following Are Used to Measure Forecast Errors