Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...
What Is the Difference Between an Absolute Measure of Forecast Error and a Relative Measure of Forec
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 ...
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