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:

Constitution

Essential doctrines or traditional benchmarks that shape the management of a state or equivalent institution.

Separation of Powers

A fundamental principle in constitutional law where the government is divided into distinct branches (legislative, executive, judicial), each with its own powers and responsibilities to prevent abuse of power.

Government

The system or group of people governing an organized community, often a state, including the institutions and officials in charge of policy making and administration.

Judicial Review

The power of the courts to assess the constitutionality of legislative acts or executive actions.