Kizspy | Question: 49 (Choose 1 answer)
Which of the following statements about the forecasting error is true?
A.A positive forecasting error indicates an overestimate of the actual value.
B. A negative forecasting error indicates an underestimate of the actual value.
C. The forecasting error should always be zero for accurate predictions.
D. The forecasting error is not relevant in time-series modeling.
