Which of the measures below is NOT a measure of forecasting accuracy?
A) the mean absolute error
B) the standard variation
C) the mean square error
D) the root mean square error

Question

Quizplus · Accepted Answer

The standard variation is not a measure of forecasting accuracy. It is a measure of the dispersion or variability within a set of data points, not a direct measure of how accurately a forecast predicts outcomes. The mean absolute error, the mean square error, and the root mean square error are all common measures used to assess the accuracy of forecasted values against actual values.

Which of the Measures Below Is NOT a Measure of Forecasting