Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here are two companies- X and Y. Company X is with an average demand of 6,000 per period and forecast error average around 150 per

Here are two companies- X and Y. Company X is with an average demand of 6,000 per period and forecast error average around 150 per period. Company Y is with average demand of 5,000 per period and forecast error average is also around 150 per period. Which of below statement is correct?

a) Company X does better forecasting job than company Y

b) Company Y does equal forecasting job with company X

c) Company Y does better forecasting job than company X

d) None of above is correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Fundamentals

Authors: Robert N. Lussier

8th Edition

9781506389394

More Books

Students also viewed these General Management questions

Question

6. How do histories influence the process of identity formation?

Answered: 1 week ago