Forecast error is used for all of the following EXCEPT
A) to monitor erratic demand observations or outliers.
B) to determine when the forecasting method is no longer tracking actual demand and needs to be reset.
C) to determine the capacity cushion.
D) to determine parameter values that provide the most accurate forecasts.

Question

Forecast error is used for all of the following EXCEPT
A) to monitor erratic demand observations or outliers.
B) to determine when the forecasting method is no longer tracking actual demand and needs to be reset. 
C) to determine the capacity cushion.
D) to determine parameter values that provide the most accurate forecasts.

Quizplus · Accepted Answer

A, B, and D are given purposes of forecasting error

Forecast Error Is Used for All of the Following EXCEPT