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Quality of forecasting process

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A company collected data on the performance of their forecasts of 38 items in the previous season. The average A/F ratio across this sample is 1.02 and the standard deviation of the A/F ratios is 0.40. The average forecast is 2405 units. The data are plotted in the following graph. What comment best describes the quality of their forecasting process?

Reference no: EM131113712

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