The Measure of How Significantly a Forecast Method Consistently Over-

question 62

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) mean absolute percentage error (MAPE).
• D) bias.
• E) the tracking signal.

Grasp the concept of self-perpetuating boards and their selection process.

Identify and differentiate between the modes of board operation in a nonprofit context.

Recognize best practices in nonprofit board governance relating to transparency and accountability.

Understand the roles and responsibilities of volunteers and legal officers in nonprofit organizations.

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Definitions:

E-Mail Obsolete

The notion that email is becoming outdated as a mode of communication, replaced by more instant and versatile digital platforms.

Telephone Use

The act of using a telephone to communicate, encompassing both personal and business contexts.

Constructive Criticism

Feedback provided in a helpful and non-offensive manner aimed at improving performance or behavior.

Sounding Accusatory

Communicating in a manner that implies blame or wrongdoing towards someone.