Briefly describe the concept of bias as it relates to forecasting.
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Briefly describe the concept of bias as it relates to forecasting.
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Bias tells us whether we tend to forecast too high or too low Hence bias can b...View the full answer
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Related Book For
Managing Supply Chain And Operations An Integrative Approach
ISBN: 9780134739830
2nd Edition
Authors: S. Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W. Webb
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