Multiple Choice
Select the one best answer from the following:
A) the mean absolute deviation can be used as a measure of forecast error
B) usually forecast error is distributed normally about the average demand
C) in a normal distribution the error will be within 1 MAD of the average about 60% of the time
D) all the above are true
E) none of the above is true
Correct Answer:

Verified
Correct Answer:
Verified
Q1: What important assumption is made about statistical
Q2: Which of the following is NOT a
Q4: Which of the following is NOT a
Q5: Which of the following statements is best
Q7: A forecasting technique that takes the average
Q8: Given this product tree which item(s) should
Q9: If the February demand for a product
Q10: Which of the following is NOT true?<br>A)
Q11: Forecasts are far more accurate for which
Q11: Forecasts are far more accurate for which