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Author Question: Four types of forecast error measures can be used. Which one of the following is not one of the four ... (Read 33 times)

Sportsfan2111

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on: Jun 28, 2018
Four types of forecast error measures can be used. Which one of the following is not one of the four types?
 a. cumulative sum of forecast errors
  b. exponential smoothing for trends
  c. mean squared error
  d. mean absolute deviation

Question 2

Every year, Westview Marble goes through the process of estimating sales for the upcoming year by looking at the company's previous years' sales and market sales along with economic trends and predictions by experts. This process of predicting sales totals over a specific time period is called ____.
 a. model building
  b. trend analysis
  c. sales forecasting
  d. market potential estimation


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bblaney

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Reply #1 on: Jun 28, 2018
Answer to Question 1

b

Answer to Question 2

C


Sportsfan2111

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Reply 2 on: Jun 28, 2018
Thanks for the timely response, appreciate it

pratush dev

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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