Which One of the Following Statements About Forecasting Is FALSE

question 8

Multiple Choice

Which one of the following statements about forecasting is FALSE?

• A)The method for incorporating a trend into an exponentially smoothed forecast requires the estimation of three smoothing constants: one for the mean,one for the trend,and one for the error.
• B)The cumulative sum of forecast errors (CFE)is useful in measuring the bias in a forecast.
• C)The standard deviation and the mean absolute deviation measure the dispersion of forecast errors.
• D)A tracking signal is a measure that indicates whether a method of forecasting has any built-in biases over a period of time.

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Definitions:

External Coaching

The practice of bringing in a coach from outside the organization to develop skills, enhance performance, or facilitate personal or professional growth.

Harmonious Passion

The positive and fulfilling feeling one gets when engaging in an activity that one loves, which does not conflict with other aspects of one's life.

Obsessive Passion

A form of passion that entails an uncontrollable urge to engage in an activity, leading to negative consequences for other areas of life.

Goal-Setting

The process of identifying specific, measurable, attainable, relevant, and time-bound objectives to guide individual or group actions and behaviors.