The Measure of How Significantly a Forecast Method Consistently Over-

question 27

Multiple Choice

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

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

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Definitions:

Personality Scores

Quantitative measures derived from assessments designed to describe individual differences in personality traits and characteristics.

Variables

Any characteristic, number, or quantity that can be measured or quantified that may vary among subjects being observed.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs about oneself, including body image, emotions, and behaviors.

Correlational Research

A research method used to determine the relationship between two variables without the inference of causation.