Question: it is observed that the forecast method did not accurately predict the actual demand. Specifically, the forecast errors were found to be: Mean absolute percent
it is observed that the forecast method did not accurately predict the actual demand. Specifically, the forecast errors were found to be:
Mean absolute percent error
Cumulative sum of forecast errors
Which one of the statements concerning this forecast is true?
Select one:
A The forecast has no bias but has a positive standard deviation of errors.
B The forecast has a positive bias and a standard deviation of errors equal to zero.
C The forecast has a positive bias and a positive standard deviation of errors.
D The forecast has no bias and has a standard deviation of errors equal to zero.
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