Assume That a Time-Series Forecast Is Generated for Future Demand

question 85

Multiple Choice

Assume that a time-series forecast is generated for future demand and subsequently it is observed that the forecast method did not accurately predict the actual demand.Specifically,the forecast errors were found to be: Mean absolute percent error = 10%
Cumulative sum of forecast errors = 0
Which one of the statements concerning this forecast is TRUE?

• A)The forecast has no bias but has a positive standard deviation of errors.
• B)The forecast has a positive bias and a standard deviation of errors equal to zero.
• C)The forecast has no bias and has a standard deviation of errors equal to zero.
• D)The forecast has a positive bias and a positive standard deviation of errors.

Grasp the concept of anticipatory socialization and its importance in organizational behavior.

Differentiate between adaptive and nonadaptive organizational cultures.

Comprehend the significance of the fit perspective in explaining organizational performance.

Understand the components and applications of the Kilmann-Saxton Culture-Gap Survey.

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Definitions:

Fossil Fuels

Natural resources, such as coal, oil, and natural gas, formed from the ancient remains of organisms, used primarily for energy but contributing to climate change.

Global Warming

the phenomenon of increasing average air temperatures near the Earth's surface over the past one to two centuries due to greenhouse gases.

Acid Rain

Is a form of precipitation whose acidity eats away at, and eventually destroys, forests and the ecosystems of lakes.

Multinational Corporations

Large corporations that produce and sell their goods and services in various countries, operating across national boundaries with a global management perspective.