Question: A complicated forecast was completed for an organization facing competitor pressure and scarcity in raw materials. The MAD. measured in tons of matenal unloaded was

 A complicated forecast was completed for an organization facing competitor pressure

A complicated forecast was completed for an organization facing competitor pressure and scarcity in raw materials. The MAD. measured in tons of matenal unloaded was 23 What does this measure of error mean? This measurement is only relevant when compared against another (higher is better) If the value is greater than 1 , it is unacceptable If this value is below 5 , it is acceptable The average deviation per interval measured was 2.3 tons

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!