Question
The co-owners of Wiggles Out have been attempting to forecast the number of jumpers each week for the last three months since the park opened.
The co-owners of Wiggles Out have been attempting to forecast the number of jumpers each week for the last three months since the park opened. Now, they are trying to tighten up spending as they enter the second quarter. For week twelve, for example, the co-owners forecasted an optimistic amount of 370 jumpers but only ended up welcoming 245.
What was their forecast error for week 12?
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Project Management A Systems Approach to Planning Scheduling and Controlling
Authors: Harold Kerzner
11th edition
1118022270, 978-1118415856, 111841585X, 978-1118022276
