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

Author Question: Four types of forecast error measures can be used. Which one of the following is not one of the four ... (Read 72 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bblaney

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 28, 2018
Answer to Question 1

b

Answer to Question 2

C


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jun 28, 2018
Excellent

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Darwin’s finches: Adaptive radiation of bill types. Darwin’s finches: Adaptive radiation of bill types.
Types of pharmacokinetic drug–drug interactions. Types of pharmacokinetic drug–drug interactions.
Various types of integumentary conditions. (C) Acne. Various types of integumentary conditions. (C) Acne.
Many different types of labels may be found on packages containing hazardous materials. Clockwise ... Many different types of labels may be found on packages containing hazardous materials. Clockwise ...
Two major types of nerve circuits in the brain Two major types of nerve circuits in the brain
Various Types of Skull Fractures Various Types of Skull Fractures
Video: Alternative Energy Sources

For a complete list of videos, visit our video library