Question: Given the following data Period Actual Demand Forecast table [ [ 1 , 2 0 0 0 , 1 9 0 0 ] ,
Given the following data
Period
Actual
Demand
Forecast
table
which of the following is true
The forecast is always within plusminus units from the actual demand
On average, the forecast is units away from the actual demand
On average, the forecast is units away from the actual demand
On average, the forecast is overestimating the actual demand by units
On average, the forecast is underestimating the actual demand by units
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