A company has an unbiased forecast for its demand. What does that mean? a. All forecast errors

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A company has an unbiased forecast for its demand. What does that mean?

a. All forecast errors are equal to zero.

b. All forecast errors are less than 1 percent.

c. The average of all forecast errors is zero.

d. The standard deviation of forecast errors is zero.

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Operations Management

ISBN: 9781260547610

2nd International Edition

Authors: Gerard Cachon, Christian Terwiesch

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Question Posted: Aug 13, 2020 05:40 AM

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A company has an unbiased forecast for its demand. What does that mean? a. All forecast errors

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Operations Management

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