Bias:
A) occurs when actual demand is consistently below the forecast demand
B) is a systematic error
C) occurs when actual demand is consistently above the forecast demand
D) all of the above
Correct Answer:
Verified
Q8: Forecast error must be measured before it
Q9: To guard against inherent error in forecasting:
A)
Q10: _forecasting is most useful in forecasting the
Q11: Demand over the past three months has
Q12: Demand over the past six months has
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
Q18: _is the difference between actual demand and
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