Briefly describe the concept of bias as it relates to forecasting.
Question:
Briefly describe the concept of bias as it relates to forecasting.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Bias tells us whether we tend to forecast too high or too low Hence bias can b...View the full answer
Answered By
Gilbert Chesire
I am a diligent writer who understands the writing conventions used in the industry and with the expertise to produce high quality papers at all times. I love to write plagiarism free work with which the grammar flows perfectly. I write both academics and articles with a lot of enthusiasm. I am always determined to put the interests of my customers before mine so as to build a cohesive environment where we can benefit from each other. I value all my clients and I pay them back by delivering the quality of work they yearn to get.
4.80+
14+ Reviews
49+ Question Solved
Related Book For
Managing Supply Chain And Operations An Integrative Approach
ISBN: 9780134739830
2nd Edition
Authors: S. Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W. Webb
Question Posted:
Students also viewed these Business questions
-
Briefly describe the concept of multiprocessing. How does parallel processing differ from multiprocessing?
-
Briefly describe the concept of asset allocation and note how it works.
-
Briefly describe the concept of sampling efficiency and discuss the ways in which it could be improved.
-
The following data applies to the two unrelated companies Lloyd Ltd and Cole Ltd: All taxable and deductible temporary differences relate to the profit or loss. Assume a corporate tax rate of 30%. A....
-
How are nutrients, wastes, and respiratory gases transported to and from the blood and tissue spaces?
-
An annual report of Crawford Industries states: "The Company and its subsidiaries have long-term leases expiring on various dates after December 31, 2011. Amounts payable under such commitments,...
-
Example 5.5 shows how to determine the rotor rotation speed and its gap width to produce emulsion particles \(5 \mu \mathrm{m}\) in diameter. If it is decided that the emulsion particle diameter...
-
The board of directors of Garden City Gaskets, Inc., set the profit goal for the calendar year 2011 at $2,200,000. It also established a bonus plan in which the top five officers of the company will...
-
What are some strategies an interviewer can use to build rapport? What can be an issue if an applicant becomes too relaxed?
-
Failure to follow accounting principles causes immense confusion, which in turn creates a number of problems for the organization. Those with vast experience in bookkeeping, however, are able to...
-
How is the reorder decision made in a continuous review inventory system?
-
What is meant by the term logistics sustainability ? How are companies pursuing sustainability?
-
Why is CVP analysis a short-run tool? Why is it inappropriate as a long-run model?
-
An editorial in the Wall Street Journal contains this statement: The exchange rate is Indias most important price. a. In what sense is the exchange rate a price? b. Why might the exchange rate be...
-
According to an article in the Wall Street Journal: Fund managers tend to bid up options when they expect more erratic currency movements, and sell them when the outlook is calm. a. What does it mean...
-
Suppose that an Apple iPhone costs $200 in the United States, 65 in the United Kingdom, and 35,000 in Japan. If the exchange rates are $1.50 = 1 and 100 = $1, what are the real exchange rates between...
-
Borrowing at a low interest rate in one currency to lend at a higher interest rate in another currency is sometimes called a carry trade. An article in the New York Times describes an investment...
-
How does a change in default risk affect the interest rate on a bond?
-
Why is the systematic study of value to OB?
-
In exchange for land, the company received a 12-month note on January 1. The face amount of the note is $1,000, and the stated rate of interest is 13%, compounded annually. The 13% rate is equal to...
-
Discuss the advantages and disadvantages of just-intime supply relationships from an o r ganizational buyers point of view. Are the advantages and disadvantages merely reversed from the sellers point...
-
Explain why a customer might be willing to work more cooperatively with a small number of suppliers rather than pitting suppliers in a competition against each other. Give an example that illustrates...
-
Would a tool manufacturer need a different marketing strategy for a big retail chain like Home Depot than for a single hardware store run by its owner? Discuss your answer.
-
A firm has 36.30 million shares of common stock outstanding at a price of $32.81 per share. The firm also has 492000.00 bonds outstanding with a current price of $1,089.00. The outstanding bonds have...
-
Commwest Bank owns $300 million of variable-rate notes yielding BBR plus 4 per cent. These loans are financed by $300 million of fixed-rate bonds costing 5 per cent.Northside Building Societyhas $300...
-
Mr. Smith enters into the long position in 5 S&P 500 futures contracts. His brokerage account requires an initial margin balance equal to 15% of the notional amount and a maintenance margin equal to...
Study smarter with the SolutionInn App