What is a forecast bias? It is error that is introduced into the data that causes...

 

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What is a forecast bias? It is error that is introduced into the data that causes consistent over forecasting. It is the result of random variations that cause error in the forecast to be greater. The forecast measures the wrong item. It is a persistent tendency for a forecast to be under or over the actual values. Which forecasting method will be the most appropriate if demand is expected to decrease over time? 00000 simple mean seasonal indexes weighted moving average linear trend line exponential smoothing What is a forecast bias? It is error that is introduced into the data that causes consistent over forecasting. It is the result of random variations that cause error in the forecast to be greater. The forecast measures the wrong item. It is a persistent tendency for a forecast to be under or over the actual values. Which forecasting method will be the most appropriate if demand is expected to decrease over time? 00000 simple mean seasonal indexes weighted moving average linear trend line exponential smoothing