If Average Forecast Error Is Positive, It Indicates That the Forecast

question 123

True/False

If average forecast error is positive, it indicates that the forecast is biased high.

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Definitions:

NSPRA

The National School Public Relations Association, a professional organization dedicated to improving communication for the benefit of schools and education.

Community Relations

The practice of managing and enhancing the relationship between an organization and the communities in which it operates.

Two-Way Communication

A communication model where information flows in two directions, allowing for feedback and interaction between sender and receiver.

Nonprofits

Organizations that operate for purposes other than making profit, typically focusing on furthering a social cause or advocating for a particular point of view.