16: For the data given below, is the forecasting system overestimating or underestimating the demand? (a) Overestimating,
Question:
16: For the data given below, is the forecasting system overestimating or underestimating the demand?
(a) Overestimating,
(b) Underestimating.
Actual Forecast Error |Error|
10 11 − 1 1 8 10 − 2 2 10 8 2 2 6 6 0 0 9 8 1 1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Production And Operations Management Systems
ISBN: 9781466507333
1st Edition
Authors: Sushil Gupta; Martin Starr
Question Posted: