A measure of the error in a forecast is called forecast error percent, and it is given by the formula
.
A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent.
E) none of these

Question

A measure of the error in a forecast is called forecast error percent, and it is given by the formula  
.
A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent.
E) none of these

Quizplus · Accepted Answer

The Answer of A measure of the error in a forecast is called forecast error percent, and it is given by the formula  
.
A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent.
E) none of these

A Measure of the Error in a Forecast Is Called