Question: Management has noted that, on average, forecast 1 is 0 . 6 7 units above average demand and forecast 2 is 0 . 6 7
Management has noted that, on average, forecast is units above average demand and forecast is units below average demandso both forecasts perform comparably and it doesnt matter which method is used going forward. Is managements assessment correct? Why or why not? If no then provide a more accurate evaluation of the forecasting methods.
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