The Difference Between Actual Demand and the Forecast Is

question 18

Multiple Choice

The difference between actual demand and the forecast is:

• A)Forecast error
• B)Mean absolute percentage error
• C)Absolute deviation of forecast error
• D)Mean absolute deviation of forecast error

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Expertise

Specialized knowledge or skills in a particular area, making an individual an expert.

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One of a small number of employees who contribute a disproportionate amount of output.

Statistically Speaking

A phrase indicating that the following statement will be based on or supported by statistical data.