Forecast Error Is Used for All of the Following EXCEPT

question 25

Multiple Choice

Forecast error is used for all of the following EXCEPT

• A) to monitor erratic demand observations or outliers.
• B) to determine when the forecasting method is no longer tracking actual demand and needs to be reset.
• C) to determine the capacity cushion.
• D) to determine parameter values that provide the most accurate forecasts.

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Definitions:

Humans

A species of bipedal primates, scientifically known as Homo sapiens, characterized by advanced brain development, language use, and tool making.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.

Sun

A star at the center of the Solar System that emits light and heat, essential for life on Earth.

Enzymatic Reaction

An enzymatic reaction involves chemical processes in living organisms that are catalyzed by enzymes to convert substrates into different molecules.