A positive error implies that a forecast was?
A) Too low
B) Too high
C) Neither too high or too low
D) The sign of an error gives no information as to the direction of the error

Name: A positive error implies that a forecast was? A) Too low B) Too high C) Neither too high or too low D) The sign of an error gives no information as to the direction of the error
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Question

Quizplus · Accepted Answer

A positive error means that the actual value is higher than the forecasted value, indicating that the forecast was too low.

A Positive Error Implies That a Forecast Was