The last four monthly sales data were 100, 120, 125, and 135 units. The last four forecasts were 80, 100, 105, and 115 units. These forecasts illustrate
A) exponential smoothing
B) a trend projection method
C) bias
D) qualitative methods

Question

Quizplus · Accepted Answer

The forecasts consistently underestimate the actual sales, indicating a systematic deviation or bias from the true values, rather than a specific forecasting technique like exponential smoothing, trend projection, or qualitative methods.

The Last Four Monthly Sales Data Were 100, 120, 125