Author Question: Which of the following measures of forecast accuracy is susceptible to the problem of positive and ... (Read 76 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
Which of the following measures of forecast accuracy is susceptible to the problem of positive and negative forecast errors offsetting one another?
 a. Mean absolute error
  b. Mean forecast error
  c. Mean squared error
  d. Mean absolute percentage error

Question 2

Although both statistical process control and acceptance sampling make inferences on the basis of samples,
 a. acceptance sampling involves inspection of a sample of products during the production run.
  b. SPC uses sampled products to make inferences about the process from which they came.
  c. acceptance sampling uses sampled products to make inferences about a larger population of the products.
  d. Both B and C
  e. All of the above statements are true.



milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library