The error of a selected forecasting method divided by that for a <a href="search.pl?p=benchmark">benchmark</a> forecast. The term is commonly used in <a href="search.pl?p=judgmental forecasting">judgmental forecasting</a>. It is also used in quantitative forecasting. See <a href="search.pl?p=Theil’s U">Theil’s U</a> and <a href="search.pl?p=Relative Absolute Error">Relative Absolute Error</a>.<o:p></o:p></P>