_________is the difference between actual demand and forecast demand.
A) Tracking
B) Forecast error
C) Bias
D) Random variation
Correct Answer:
Verified
Q13: Bias:
A) occurs when actual demand is consistently
Q14: Discuss the major characteristics or principles of
Q15: The forecast is 100 units a week.
Q16: Discuss the major classifications of forecasting methods.
Q17: When attempting to forecast the demand for
Q19: What are the major activities of demand
Q20: Moving averages are best used for:
A) forecasting
Q21: Housing starts and gasoline consumption are called
Q22: Forecasts are never wrong.
Q23: One simple way to forecast is to
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