The differences between the actual demand for a period and the demand forecast for that period is called: | Faculties

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Ranjeet

🎓 Tutor III ⭐ 34.60K Points

📊 Operations Management

Q. The differences between the actual demand for a period and the demand forecast for that period is called:

(A) forecast error
(B) weighted arithmetic mean
(C) decision process.
(D) mean square error

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✅ Correct Answer: (A) forecast error

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