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Given the following actual demand and forecasts for the last five months: Month Actual Demand Forecast 1 224 221 2 259 278 3 220 237
Given the following actual demand and forecasts for the last five months:
| Month | Actual Demand | Forecast |
| 1 | 224 | 221 |
| 2 | 259 | 278 |
| 3 | 220 | 237 |
| 4 | 253 | 245 |
| 5 | 234 | 246 |
What is the Forecast bias?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
