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.

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

To find the forecast error, we need to subtract the forecasted value from the actual demand value. Since the forecasted value for September is 90 and the actual demand is 100, the error is -10. Therefore, the correct answer is B) -10.00.

Given the Demand and Forecast Values Shown in the Table