Solution-Large majority of the forecast errors

Large majority of the forecast errors

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Reference no: EM132581263

1. If the cumulative error is positive, with a large majority of the forecast errors also positive, it indicates that the forecast may be biased high. (True or False)

2. A trend pattern is a gradual, long-term, up-or-down movement of demand. (true or false)

3. Forecasts with shorter-period moving averages react more quickly to recent demand changes than do longer-period moving averages. (True or False)

4. Adjusted exponentail smoothing is an exponential smoothing forecast adjusted for seasonality. (true or false)

Reference no: EM132581263

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Large majority of the forecast errors

Reference no: EM132581263

Reference no: EM132581263

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