Given the demand and forecast values shown in the table below, the forecast error for September is
A)10.00.
B)−10.00.
C)1.00.
D)39.00.

Name: Given the demand and forecast values shown in the table below, the forecast error for September is A)10.00. B)−10.00. C)1.00. D)39.00.
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Question

Given the demand and forecast values shown in the table below,  the forecast error for September is
A)10.00. 
B)−10.00. 
C)1.00. 
D)39.00.

Quizplus · Accepted Answer

The formula for calculating the forecast error is Actual Demand - Forecast value. For September, the actual demand is 290 and the forecast value is 300. Therefore, the forecast error is 290 - 300 = -10.00.

Given the Demand and Forecast Values Shown in the Table