Which one of the following statements about forecasting is FALSE?
A) The method for incorporating a trend into an exponentially smoothed forecast requires the estimation of three smoothing constants: one for the mean,one for the trend,and one for the error.
B) The cumulative sum of forecast errors (CFE) is useful in measuring the bias in a forecast.
C) The standard deviation and the mean absolute deviation measure the dispersion of forecast errors.
D) A tracking signal is a measure that indicates whether a method of forecasting has any built-in biases over a period of time.
Correct Answer:
Verified
Q83: _ are assumed to "cause" the results
Q84: With the multiplicative seasonal method of forecasting:
A)
Q86: The _ variable is the variable that
Q88: _ is a causal method of forecasting
Q92: When the underlying mean of a time
Q94: Time-series analysis is a statistical approach that
Q95: The naive forecast may be adapted to
Q98: It is now near the end of
Q98: The marketing department for a major manufacturer
Q99: Demands for a newly developed salad bar
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