Forecast error is equal to minus Forecast demand.

Related MCQs

• For which of the following options is make-to-stock strategy feasible? 1. To produce customized products from sub-assemblies 2. To make standardized products with high volumes 3. To accommodate flexibility and offer variety 4. Where forecast is reasonably accurate
• Consider the below mentioned statements: 1. Without the forecast, no production function can be taken up. 2 Forecasts are subject to market dynamics and many other predictable parameters which will be known and controllable. State True or False:
• Operations can be classified according to the degree of variations in demand and visibility of the operations as well as their volume and variety of production which of the following operations would be classified as high variation & high visibility ?
• Ascertain type of computer costs 1000 and the annual holding cost is 25% . annual demand is 10000 units , and the order cost is 150 per order .what is the approximate economic order quantity?
• _________is a process in which a supplier generates orders for its distributor based on demand information sent by the distributor
• Which of the following are the factors on which the choice of a forecasting method depends? 1. Data availability 2. Product life cycle 3. Accuracy required 4. Volume of demand
• In which of the following the promotional programs may also be used to shift demand?