Bias Exists When the Forecast Tends to Be Greater or Less

question 67

True/False

Bias exists when the forecast tends to be greater or less than the actual demand.

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Definitions:

Civic Behavior

Actions by individuals that are aimed at helping to improve the community and the lives of its members, often through volunteer work or political engagement.

Emotional Regulation

The process by which individuals influence their emotions, how they experience and express them.

Self-Control

The capacity to control one’s feelings, cognitions, and actions when confronted with desires and sudden urges.

Social Contract Orientation

A theory in moral and political philosophy that examines the hypothetical understanding that individuals might agree to, forming the basis of societal rules and obligations.