Match the items of List-I with the items of List-II and choose the correct answer.
| List-I | List-II |
| a. Mean forecast error | 1. Mean of absolute deviations of forecast demands from actual demand values |
| b. Mean absolute deviation | 2. Mean of the squares of the deviations of forecast demands from actual demand values |
| c. Mean square error | 3. Mean of the deviations of the forecast demands from actual demand |
| d. Mean absolute percent error | 4. Mean of the percent deviations of the forecast demands from the actual demand |
A. a-3, b-1, c-2, d-4
B. a-1, b-3, c-4, d-2
C. a-2, b-3, c-1, d-4
D. a-4, b-1, c-2, d-3
Answer: Option A
This Question Belongs to Management >> Business Statistics
Related Questions on Business Statistics
In statistical analysis, the burden of proof lies traditionally with
A. alternative hypothesis
B. null hypothesis
C. analyst
D. facts
A. Target fixing
B. Markets
C. Business forecasting for products
D. All of the above
A. Statements I and II are true
B. Statement II is true
C. Statements II and III are true
D. Statement III is true
A. Transaction processing
B. Application processing
C. Data processing
D. Information processing
Join The Discussion