answersLogoWhite

0

In statistics, a forecast error is the difference between the actual or real and the predicted or forecast value of a time series or any other phenomenon of interest.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is the forecasting method that takes a fraction of forecast error into account for the next period forecast?

Exponential Smoothing Model


Which is NOT a source of forecast error in NWP?

obswervation inaccuracies


What is fluctuation inventory?

Inventory that is carried as a cushion to protect against forecast error.


What business has made a forecast error?

All of them except those who never made a forecast. Worst-case examples include the Ford Edsel and the New Coke.


How accurate is the weather forecast provided by NOAA?

The weather forecast provided by NOAA is generally considered to be accurate, as they use advanced technology and data to make their predictions. However, like any forecast, there is always a margin of error due to the unpredictable nature of weather.


How did your results compare to your predictions?

Comparing the predicted results with the actual results is known as the forecast error. The purpose of experimentation and statistics is to become better at prediction to reduce the forecast error.


What is part of speech is forecast?

Forecast can be used as a verb or a noun.Verb: Meteorologists forecast the weather.Noun: Today's forecast looks gloomy.


Is the word forecast an adjective?

Forecast is a verb (forecasting) or noun (forecast).


What is a forecast that rely on numeral data?

A digital forecast is a forecast that relies on numerical data.


What kind of weather forecast maps are developed?

forecast weather,long range forecast


What are the instruments numerologists use to forecast weather?

Numerologists do not forecast weather. Meteorologists forecast weather.


Is this how you spell forecast?

Yes, that is the correct spelling of forecast.Some example sentences are:The weather forecast was right, for once.The economical forecast did not look good.What was the weather forecast for tomorrow?