The Average,absolute Difference Between the Forecast and Demand Is a Popular

question 77

True/False

The average,absolute difference between the forecast and demand is a popular measure of forecast error.

---

Definitions:

Number New Passengers

Number new passengers typically refers to the count of first-time or newly acquired passengers by a transportation service within a specific timeframe, representing growth or expansion.

Critical Success Factors

Essential elements or conditions that must be achieved for an organization or project to successfully meet its objectives and goals.

Key Performance

A metric used to gauge the effectiveness, efficiency, and performance of an organization's activities or employees.

Competitive Strategy

Strategic approaches that a company takes to gain an advantage in the marketplace, typically through differentiation, cost leadership, or focus strategies.