Solved

A Measure of the Error in a Forecast Is Called

Question 12

Multiple Choice

A measure of the error in a forecast is called forecast error percent, and it is given by the formula
.
A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent.

A) A measure of the error in a forecast is called forecast error percent, and it is given by the formula . A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent. A) B) C) D) E) none of these
B) A measure of the error in a forecast is called forecast error percent, and it is given by the formula . A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent. A) B) C) D) E) none of these
C) A measure of the error in a forecast is called forecast error percent, and it is given by the formula . A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent. A) B) C) D) E) none of these
D) A measure of the error in a forecast is called forecast error percent, and it is given by the formula . A forecast predicted that 4200 parts would be needed for production in April. The actual number of parts needed was 3440. Find the forecast error percent. Round to the nearest percent. A) B) C) D) E) none of these
E) none of these

A Measure of the Error in a Forecast Is Called

Multiple Choice

Correct Answer:VerifiedUnlock this answer nowGet Access to more Verified Answers free of chargeAccess For Free

Correct Answer:
Verified
Unlock this answer now
Get Access to more Verified Answers free of charge