Which of the following is NOT a use of the error estimate?
A)To monitor erratic demand observations or outliers
B)To determine when the forecasting method is no longer tracking actual demand and needs to be revised
C)To set safety stocks or safety capacity
D)To determine parameter values that provide the most accurate forecasts
E)All the above are uses of the error estimate

Question

Quizplus · Accepted Answer

All the options listed are valid uses of the error estimate, making option E the correct choice.

Which of the Following Is NOT a Use of the Error