__________ expresses the error as a percent of the actual values, undistorted by a single large value.
A) MAD
B) MSE
C) MAPE
D) FIT
E) The smoothing constant

Question

Quizplus · Accepted Answer

MAPE (Mean Absolute Percentage Error) expresses the error as a percentage of the actual values, which provides a more reliable measure of accuracy than other measures like MAD or MSE in the presence of large values. MAPE is not affected by the scale of the data and is often used in forecasting and time series analysis.

__________ Expresses the Error as a Percent of the Actual