Mathematics · Statistics

The measure of forecast error calculated as the average of the squared differences between forecasted values and actual values is known as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Mean square error✓
2Mean absolute percentage error
3Mean absolute deviation
4Mean error

Correct answer

Mean square error

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The measure of forecast error calculated as the average of the squared differences between forecasted values and actual values is known as:

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The measure of forecast error calculated as the average of the squared differences between forecasted values and actual values is known as:

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