Forecast Bias Measures the Average Amount of Error Per Forecast

question 109

True/False

Forecast bias measures the average amount of error per forecast, so a positive value means that forecasts tended to be too low.

---

Definitions:

Relational Interactions

The dynamic process of engagement between two or more individuals, affecting their relationship over time.

Leader-member Exchange Theory

A theory that focuses on the two-way (dyadic) relationship between leaders and followers, emphasizing that the quality of this relationship influences outcomes.

Differentiated Relationships

Relationships in an organizational or social context that are not uniform but vary significantly based on factors such as role, status, or individual differences.

Idiosyncrasy Credits

A concept referring to the latitude or privilege granted to individuals allowing them to deviate from group norms because of their contributions or status.