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Describe briefly the following method of Out of Sample forecast criterion 1... Root Mean Square error 2...Mean absolute...

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Advance Math

Describe briefly the following method of Out of Sampleforecast criterion
1... Root Mean Square error
2...Mean absolute error
3...Mean absolute percentage error
4...Maximum Absolute Error
5...Maximum Absolute Percentage error.

Write down their formulae and discuss briefly how youinterpret them

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