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because of different units being used for various data series, which fit statistic can be used across different series that are in fact measured in different units?



Answer :

The fit statistic that can be used across different series that are in fact measured in different units is; MAPE

What statistic can be used?

There are different statistics models in this regards such as;

Mean Absolute Error (MAE)

Mean Absolute Scaled Error (MASE)

Accuracy Percent (Accuracy %)

Mean Squared Error (MSE)

Root Mean Squared Error (RMSE)

Mean Absolute Percent Error (MAPE)

Now, we are told that we need the fit statistic that can be used across different series that are in fact measured in different units.

The correct one will be Mean Absolute Percent Error (MAPE) because the average absolute percent difference between the values that are fitted by the model and the observed data values.

Read more about statistics at; https://brainly.com/question/15525560

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