Multiple Choice
Which of the following statements is true about the forecasting error measures?
A) Mean absolute deviation is complex and difficult to compute.
B) Cumulative sum error tracks the forecasting bias.
C) Mean absolute deviation provides the percentage of error.
D) Mean squared errors cannot track the accuracy of the forecast.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: "The demand for a product is a
Q30: Which of the following is NOT a
Q31: A large positive value of cumulative sum
Q32: _ are periodic,fairly short-term fluctuations in demand
Q33: _ methods can be used if measurable,historical
Q35: One requirement for using the linear trend
Q36: Multiplicative models are used when patterns of
Q37: With forecasting error being measured in MAD
Q38: Which of the following statements is false
Q39: Using the weighted average method,with W₁