Question: Current Attempt in Progress What is a forecast bias? It is the result of random variations that cause error in the forecast to be greater.
Current Attempt in Progress
What is a forecast bias?
It is the result of random variations that cause error in the forecast to be greater.
It is error that is introduced into the data that causes consistent over forecasting.
It is a persistent tendency for a forecast to be under or over the actual values.
The forecast measures the wrong item.
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