_______ occurs when a forecast has a tendency to be either consistently higher or lower than the actual demand.
A) Forecast correction
B) Forecast bias
C) Forecast discrimination
D) Forecast creep

Question

Quizplus · Accepted Answer

Forecast bias refers to a consistent tendency for a forecast to be over- or under-predicting actual demand. Forecast correction refers to adjusting a forecast that has proven to be inaccurate, while forecast discrimination refers to the accurate prediction of demand for different groups or segments. Forecast creep is not a commonly used term in forecasting.

_______ Occurs When a Forecast Has a Tendency to Be