If actual demand for a period was 110 and the forecast for that period was 105, what is the forecast error for the period?
A) 5
B) -5
C) 0
D) Forecast error cannot be determined by the information given
Correct Answer:
Verified
Q88: Multiple regression forecasting is characterized by?
A) Several
Q89: The relationship between independent and dependent variables
Q90: The measure of the variation in the
Q91: Which production planning strategy maintains a core
Q92: The stages of CPFR include all of
Q94: Meeting forecasted demand while minimizing costs and
Q95: Meeting forecasted demand while minimizing costs and
Q96: A positive error implies that a forecast
Q97: Sales forecasting occurs in which stage of
Q98: Forecast quality is likely to only impact
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents