OPERATION MANAGEMENT
OPERATION MANAGEMENT
2nd Edition
ISBN: 9781260242423
Author: CACHON
Publisher: MCG
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Chapter 15, Problem 7CQ
Summary Introduction

To explain: The intuition below the MAE metric.

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The intuition behind the MAE metric to evaluate old forecasts is:a. to sum up the forecast errors.b. to sum up the squared forecast errors.c. to sum up the absolute values of the forecast errors.d. to average the squared forecast errors.e. to average the absolute values of the forecast errors.
The intuition behind the MSE metric to evaluate old forecasts is:a. to sum up the forecast errors.b. to sum up the squared forecast errors.c. to sum up the absolute values of the forecast errors.d. to average the squared forecast errors.e. to average the absolute values of the forecast errors.
What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?     domain     predictive     prescriptive     descriptive What does the robustness of a data mining method refer to?     its ability to construct a prediction model efficiently given a large amount of data     its speed of computation and computational costs in using the mode     its ability to overcome noisy data to make somewhat accurate predictions     its ability to predict the outcome of a previously unknown data set accurately
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