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Measures of forecast accuracy based upon a quadratic error cost function, notably root mean square error...

Measures of forecast accuracy based upon a quadratic error cost function, notably root mean square error (RMSE), tend to treat （     ）
        A)    levels of large and small forecast errors equally.
        B)    large and small forecast errors unequally.
        C)    every forecast error with the same penalty.
        D)    None of the above.

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Answer #1

RMSE tend to treat large & small forecast errors unequally on the margin. Hence option b is the correct answer.

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