This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that a time-series forecast is generated for future demand and subsequently it is observed ... (Read 78 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
on: Apr 18, 2020
Assume that a time-series forecast is generated for future demand and subsequently it is observed that the forecast method did not accurately predict the actual demand. Specifically, the forecast errors were found to be: Mean absolute percent error = 10% Cumulative sum of forecast errors = 0% Which one of the statements concerning this forecast is TRUE?
◦ The forecast has no bias but has a positive standard deviation of errors.
◦ The forecast has no bias and has a standard deviation of errors equal to zero.
◦ The forecast has a positive bias and a standard deviation of errors equal to zero.
◦ The forecast has a positive bias and a positive standard deviation of errors.
Operations Management ¦ Krajewski, Ritzman ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cherise1989 on Apr 18, 2020

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Apr 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


cherise1989

  • Member
  • Posts: 555
Reply 2 on: Apr 18, 2020
Gracias!

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

The Crab Nebula, remnants of a supernova that was first observed around 1050 AD The Crab Nebula, remnants of a supernova that was first observed around 1050 AD
Time Slows Down Near Matter Time Slows Down Near Matter
Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
Pat Steir, The Brueghel Series: A Vanitas of Style. Pat Steir, The Brueghel Series: A Vanitas of Style.
Press into points along the neck with your thumb, one side at a time. Apply circular friction to ... Press into points along the neck with your thumb, one side at a time. Apply circular friction to ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library