1) The co-owners of a new cafe have forecasted the demand for the first four weeks of...

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1) The co-owners of a new cafe have forecasted the demand for the first four weeks of operation. View the table below for a comparison between the co-owners' forecasts and the actual demand.

	Co-Owners' Forecast	True Demand
Week 1	370	245
Week 2	270	260
Week 3	250	375
Week 4	390	400

3) Is the forecast of the co-owners biased? Why or why not?

Posted Date: May 18, 2024 05:05 AM

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1) The co-owners of a new cafe have forecasted the demand for the first four weeks of...

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