The Only Forecasting Error That Can Occur Is When Actual

question 31

True/False

The only forecasting error that can occur is when actual demand is greater than forecasting.

---

Definitions:

Single Strand Chains

Polymers or molecules that consist of a single linear sequence of units or monomers, not branched or networked.

Lowest Accuracy

The measurement indicating the least precision or correctness in the performance of an action, task, or prediction.

Grapevines

Informal communication channels within organizations or groups that spread information, rumors, or gossip.

Change Competency

The ability of an entity (individual, group, or organization) to effectively manage, adapt to, and implement changes within a dynamic environment.