Author Question: _____ is the amount by which the predicted value differs from the observed value of the time series ... (Read 33 times)

haleyc112 · **on:** Jun 24, 2018

_____ is the amount by which the predicted value differs from the observed value of the time series variable.
a. Mean forecast error
b. Mean absolute error
c. Smoothing constant
d. Forecast error

Question 2

Which of the following relates to costs of non-conformance?
a. Coordination with suppliers.
b. Defective products that reduce goodwill.
c. Periodic customer surveys.
d. Worker involvement.
e. Revisions to product design.