Monitor forecast to see if it is biased high or low

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Reference no: EM132143537

1. Which of the following can be used to monitor a forecast to see if it is biased high or low?

A. a tracking signal

B. the mean absolute deviation (MAD)

C. the mean absolute percentage deviation (MAPD)

D. a linear trend line model

2. The closer the smoothing constant, is to 0 (zero)

A. the greater the reaction to the most recent demand.

B. the greater the dampening, or smoothing, effect.

C. the more accurate the forecast.

D. the less accurate the forecast.

Reference no: EM132143537

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