Multiple Choice
The table below includes the actual demands and forecasted demand for each period.Based on the data, which of the following is not correct?
A) The Bias value is -15.6
B) The demand data shows a positively increasing trend
C) The forecast is consistently overestimating the demands (higher forecasts)
D) The MAD value is 15.6
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Forecasting drives all of the key business
Q6: For a forecast to be usable, it
Q7: The exponential smoothing model with trends uses
Q8: The table below includes the actual
Q9: Describe the meaning of model building using
Q11: Using a 3-month moving average forecast,
Q12: John is trying to initialize the
Q13: The Ticket touring agency is coming
Q14: Use an exponential smoothing model with
Q15: Using the following demand data, initialize