Forecast error
A) Is calculated as forecast minus actual demand.
B) Is comprised of absolute error and forecast bias.
C) Is comprised of absolute error and trend.
D) Only results from randomness.

Question

Quizplus · Accepted Answer

The Answer of Forecast error
A) Is calculated as forecast minus actual demand.
B) Is comprised of absolute error and forecast bias.
C) Is comprised of absolute error and trend.
D) Only results from randomness.

Forecast Error