Question: QUESTION 6 When the mean error is + 1 0 , we can conclude that forecasts are, on average, off by 1 0 units relative
QUESTION
When the mean error is we can conclude that
forecasts are, on average, off by units relative to actual demand.
forecasts tend tohe greater than actual demand.
forecasts are essentially unbiased.
subtracting from all foreasts would result in greater forecast accuracy.
we systematically underpredict demand.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
