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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