Which of the Following Is Not an Accurate Statement Concerning

question 34

Multiple Choice

Which of the following is not an accurate statement concerning bias in forecasts?

• A)Bias is calculated based on the mean absolute percent error (MAPE).
• B)Persistent negative bias implies forecasting frequently overstating actual values.
• C)Bias is the sum of forecast errors.
• D)Persistent positive bias implies frequently underestimating actual values.
• E)Bias may indicate a shift in the demand pattern.

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Definitions:

SL

Sublingual, a method of administering medication under the tongue.

NPO

A medical abbreviation for "nil per os," Latin for "nothing by mouth," indicating a patient should not take food or water orally.

Effexor XR

A brand name for Venlafaxine, an antidepressant medication used in the treatment of major depressive disorder, anxiety, and panic disorder.

Keflex

A brand name for cephalexin, an antibiotic used to treat various bacterial infections.