New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In time series forecasting, what does MAE stand for?

    A Mean Absolute Error Correct Answer Incorrect Answer
    B Moving Average Estimation Correct Answer Incorrect Answer
    C Median Absolute Error Correct Answer Incorrect Answer
    D Maximum Allowable Error Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The magnitude of the difference between the individual measurement and the true value of the quantity is called the absolute error of the measurement. 

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