The Difference Between the Forecast and Actual Demand for a Given

question 25

Multiple Choice

The difference between the forecast and actual demand for a given period is described by what term?

• A)Forecast error
• B)Real demand
• C)Forecast demand
• D)Bias error
• E)Random error

---

Definitions:

Monetary Damages

Compensation in the form of money awarded to a party in a lawsuit for loss or injury caused by the actions of another.

Rescind

To cancel, revoke, or repeal a contract, agreement, or resolution, often due to the discovery of some error or misrepresentation.

Purchase and Sale

The legal process of buying and selling goods or property, involving the transfer of ownership from the seller to the buyer.

Legal Right

A privilege or entitlement under the law that allows an individual or entity to perform or refrain from performing certain actions.