Question: Question 5 A bias error results from unpredictable factors that cause the forecast to deviate from actual demand. True or False Question 6 Judgment methods

Question 5

A bias error results from unpredictable factors that cause the forecast to deviate from actual demand.

True or False

Question 6

Judgment methods of forecasting are quantitative methods that use historical data on independent variables to predict demand.

True or False

Question 7

Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international events or because of a lack of demand history reflecting the stages of demand from product development to decline?

A.random

B.seasonal

C.horizontal

D.cyclical

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