Course Solutions Uncategorized (Answered) : A 0.25 aud MSE 2475 C. MAE-025SE LD ARa KISE 21.75 tion 18. A forecast is said to be unbiased only if it meets the following conli

(Answered) : A 0.25 aud MSE 2475 C. MAE-025SE LD ARa KISE 21.75 tion 18. A forecast is said to be unbiased only if it meets the following conli

A 0.25 aud MSE 2475 C. MAE-025SE LD ARa KISE 21.75 tion 18. A forecast is said to be unbiased only if it meets the following conlition A. Its forecast error is always zero B. It is consistently above than actual values C. It is cusisteatly below the actual values D. It is sometime above and some below the actual values Question 19. A company should use subiootiu

Expert Answer


A forecast is said to be unbiased if the expected value of forecast error is zero. Therefore, option A) is correct.

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