Select the one best answer from the following:
A) the mean absolute deviation can be used as a measure of forecast error
B) usually forecast error is distributed normally about the average demand
C) in a normal distribution the error will be within 1 MAD of the average about 60% of the time
D) all the above are true
E) none of the above is true
Correct Answer:
Verified
Q9: Which of the following statements is best
Q10: If the February demand for a product
Q11: Which of the following is NOT true?
A)
Q12: What important assumption is made about statistical
Q13: Demand over the past three months has
Q15: Forecast error will be caused by:
A) random
Q16: Which of the following methods can be
Q17: Which of the following is NOT a
Q18: Given this product tree which item(s) should
Q19: A firm manufactures a line of vacuum
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