In measuring forecast errors, the MAD and the square root of the ...

[Bob-Dole]

In measuring forecast errors, the MAD and the square root of the MSE will provide similar (but not identical) values, in that both provide a measure of the typical amount of error in forecasts.
 
  Indicate whether the statement is true or false

Question 2

The variance inflation factor (VIF) provides a measure for each independent variable of how much multicollinearity is associated with that particular independent variable.
 
  Indicate whether the statement is true or false

[parker125]

Answer to Question 1

TRUE

Answer to Question 2

TRUE

[Bob-Dole]

Wow, this really help

[matt95]

Thanks for the timely response, appreciate it