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Which of the following is TRUE (check all the correct choices, wrong answers will incur negative marking To find MAPE, you ne
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Answer #1

a) FALSE. The absolute difference is divided by the actual value, not the forecast value.

b)FALSE. The absolute difference between the actual value and mean value is taken average not the forecast value.

c)TRUE.

d)FALSE. The difference squares are taken average

e)TRUE.

f)FALSE. The trend is first found by moving average method.

g)FALSE. The trend is found by moving average method

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