A persistent tendency for forecasts to be greater than or less than the actual values is called:
A)bias.
B)tracking.
C)control charting.
D)positive correlation.
E)linear regression.

Question

Quizplus · Accepted Answer

Bias in forecasting refers to a consistent deviation of the forecasted values from the actual values, either by consistently overestimating or underestimating the actual outcomes.

A Persistent Tendency for Forecasts to Be Greater Than or Less