Question: What is a forecast bias? The forecast measures the wrong item. It is error that is introduced into the data that causes consistent over forecasting.

What is a forecast bias?
The forecast measures the wrong item.
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.
It is a persistent tendency for a forecast to be under or over the actual values.

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