Peter runs a computer store His most popular product is the XR657 laptop The demand and forecasting data for XR657 during the past 11 months is Actual demand Forecasted demand 272 299 147 173 87 111 134 149 137 154 109 125 73 100 93 111 107 126 77 94 70 91 What could you say about Peters forecast S...

The detailed answer for the above question is provided below Peters forecast is biased as his foreca ...

Peter runs a computer store. His most popular product is the XR657 laptop. The demand and forecasting

Fantastic news! We've Found the answer you've been seeking!

Question:

Peter runs a computer store. His most popular product is the XR657 laptop. The demand and forecasting data for XR657 during the past 11 months is:

Actual demand	Forecasted demand
272	299
147	173
87	111
134	149
137	154
109	125
73	100
93	111
107	126
77	94
70	91

What could you say about Peter’s forecast?

Select all correct answers

Breaking down the monthly forecast week by week will improve the forecast accuracy.

His forecast is biased.

The RMSE of this forecast is 21.

Aggregating the forecast by quarters will improve the forecast accuracy.

Peter is consistently underforecasting the demand for product XR657.

None of the above

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118098615

5th Edition

Authors: Debra C. Jeter, Paul Chaney

See More Books

Posted Date: Jul 08, 2021 09:47 PM

See More Questions

Describe the tax treatment of the interest paid by cash-basis taxpayers in each of the following situations: a. Billie and Sue purchased a principal residence on December 31, 2017 for $1.4 million,...
Describe the tax treatment of partnership income.
Describe the tax treatment of net capital losses.
For the increasing marginal-extraction-cost model of the allocation of a depletable resource, how would the ultimate cumulative amount taken out of the ground be affected by (a) An increase in the...
Match the alternative hypothesis with its graph. Then state the null hypothesis and sketch its graph. H a : > 3 (a) (b) (c) (d) 1 3 4 2.
Why do we say that equity holders bear the brunt of the effects of leverage?
Two springs have spring constants $k_{1}$ and $k_{2}>k_{1}$. Connected as shown in Figure P8.53, they act like one spring. Compute the spring constant of the combination. Is the combination...
Phil and Linda are 25-year-old newlyweds and file a joint tax return. Linda is covered by a retirement plan at work, but Phil is not. a. Assuming Phils wages were $27,000 and Lindas wages were...
What risk assessment identifies the projected risk level the Program Manager plans to achieve by implementing mitigation measures consistent with the design order of precedence? Explain
Julie Lane, Sara Miles, and Amber Noll have capital balances of $50,000, $40,000, and $30,000, respectively. The profit and loss ratio is 4:4:2. Assume Noll withdraws from the partnership on December...
What is the French paradox? Explain some of the possible explanations.
The differences between U.S. GAAP and IFRS with respect to property, plant, and equipment, which do you believe is going to be the greatest challenge to converge? Why? What do you believe is the best...
Your principal gives you permission to sell the granola at the football playoffs where 30,000 spectators are expected in your town of 6,000. This is a demand curve, but which way would the curve go...
How can advancements in technology be leveraged to enhance the scalability and accessibility of empowerment initiatives on a global scale?
Describe and explain in detail The Need for Effective Leadership Explain in detail Defining Leadership & Emergent Leadership Describe and explain in detail The New Reality for Leaders Explain in...
In a few words what is the substantive comment on this post: A retailer is a business that sells products directly to consumers for personal or household use. They typically operate physical stores...
What database is used to store metadata information about other databases, their tables and structure? in phpmyadmin
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...
Why is it often necessary to prepare separate financial statements for each legal entity in a consolidated group even though consolidated statements provide a better economic picture of the combined...
Why does a debit balance in a partners' capital account create problems in the UPA order of payment for a partnership liquidation?
Following is the preclosing trial balance for the General Fund of the City of Doyle. Required: Prepare in general journal form the closing entries for the General Fund of DoyleCity. Doyle City The...
Consider the homogeneous bar, of negligible cross section, mass $M=1.333 \mathrm{~kg}$ and length $L=60.0 \mathrm{~cm}$ in Fig.12.19 . It is constrained to rotate in a vertical plane about its...
A projectile of mass $m=2.5 \mathrm{~kg}$ is shot tangentially (see Fig.12.19) at the edge of a ring having radius $R=50 \mathrm{~cm}$ and whose mass is equal (within measurement errors) to that...
A homogeneous disk, having mass $M=2.50 \mathrm{~kg}$ and radius $R=15.0 \mathrm{~cm}$, can rotate, without friction, about a fixed horizontal axis, passing through the point $\mathrm{O}$ of...

Peter runs a computer store. His most popular product is the XR657 laptop. The demand and forecasting

Question:

Expert Answer:

The detailed answer for the above question is provided below Peters forecast is biased as his foreca... View the full answer

Advanced Accounting

Students also viewed these economics questions