Which value indicates the better forecast? a. Mean error of 10% b. Forecast error of 100 units

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Which value indicates the better forecast?

a. Mean error of 10%

b. Forecast error of 100 units

c. Both are equal

d. Cannot be determined

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Manufacturing Planning And Control For Supply Chain Management

ISBN: 9780071750318,9780071750325

1st Edition

Authors: F. Robert Jacobs, William Lee Berry, D. Clay Whybark, Thomas E. Vollmann

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Question Posted: Jul 26, 2024 03:01 AM

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Which value indicates the better forecast? a. Mean error of 10% b. Forecast error of 100 units

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Manufacturing Planning And Control For Supply Chain Management

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