Question: A local quick - service restaurant forecasts the weekly demand for its signature sandwich. Assume the forecast demand for the fourth week was 8 9
A local quickservice restaurant forecasts the weekly demand for its signature sandwich.
Assume the forecast demand for the fourth week was sandwiches. Alas, the actual demand for the fourth week was sandwiches. Calculate the forecast error,
As part of your calculation, please show all of your work including:
Formula used.
Numerical values used in the formula.
Final calculated forecast error,
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