Nasdaq

What Is the Difference Between an Absolute Measure of Forecast Error and a Relative Measure ...

The numerical difference between a forecasted quantity and the actual result is known as absolute error. If you predict that you'll run a mile in eight minutes and ...
Fox Business

What Is the Difference Between an Absolute Measure of Forecast Error and a Relative Measure ...

Absolute errorThe numerical difference between a forecasted quantity and the actual result is known as absolute error. If you predict that you'll run a mile in eight ...