Question: What is the forecast error if the forecast value in a particular period is 7 5 and the actual ( realized ) demand is 5

What is the forecast error if the forecast value in a particular period is 75 and the actual (realized) demand is 55?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!