menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Supply Chain Management Study Set 1
  4. Exam
    Exam 7: Demand Forecasting in a Supply Chain
  5. Question
    The Measure of How Significantly a Forecast Method Consistently Over-
Solved

The Measure of How Significantly a Forecast Method Consistently Over-

Question 27

Question 27

Multiple Choice

The measure of how significantly a forecast method consistently over- or underestimates demand is


A) mean squared error (MSE) .
B) mean absolute deviation (MAD) .
C) bias.
D) the tracking signal.

Correct Answer:

verifed

Verified

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

Related Questions

Q22: What Excel function/feature should be used to

Q23: For push processes,a manager must forecast what

Q24: A static time-series method should be used

Q25: The measure of whether a forecast method

Q26: Long-term forecasts have a larger standard deviation

Q28: Explain the basic,six-step approach to help an

Q29: One of the characteristics of forecasts is<br>A)aggregate

Q30: The forecast of demand forms the basis

Q31: Forecasts are always wrong and therefore<br>A)should include

Q32: _ forecasting methods use historical demand to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines