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
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