The Measure of Whether a Forecast Method Consistently Over- or Underestimates

question 25

Multiple Choice

The measure of whether a forecast method consistently over- or underestimates demand is

• A)mean absolute deviation (MAD).
• B)mean absolute percentage error (MAPE).
• C)bias.
• D)the tracking signal.

---

Definitions:

Array Items

Individual elements or values stored in an array, which is a data structure used to store collections of data in a programming context.

Induced Motion

A visual illusion in which the movement of one object causes a stationary object to appear as if it is moving.

Moving River

A natural flowing watercourse, moving from higher to lower elevation, typically emptying into a sea, lake, or another river.

Apparent Movement

The perception of movement in a stationary object, often created by lights flashing in sequence or graphical illusions.