A positive error implies that a forecast was?
A) Too low
B) Too high
C) Neither too low nor too high
D) The sign of an error gives no information as to the direction of the error

Name: A positive error implies that a forecast was? A) Too low B) Too high C) Neither too low nor too high D) The sign of an error gives no information as to the direction of the error
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

A positive error means that the actual value was higher than the forecasted value, indicating that the forecast was too low.

A Positive Error Implies That a Forecast Was