Positive forecast errors mean that the forecast:
A)was too high.
B)was too low.
C)was accurate.
D)was irregular.
E)is where the predictor variable indicated.

Name: Positive forecast errors mean that the forecast: A)was too high. B)was too low. C)was accurate. D)was irregular. E)is where the predictor variable indicated.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Positive forecast errors occur when the actual outcome is higher than the predicted outcome, indicating that the forecast was too low.

Positive Forecast Errors Mean That the Forecast