Forecast error is calculated as: O Actual - Forecast Forecast - Actual O (Forecast - Actual) ^ 2 Absolute (Actual - Forecast) O (Actual - Forecast) ^ 2

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Forecast error is calculated as:
Actual - Forecast
O Forecast - Actual
(Forecast - Actual) ^ 2
Absolute (Actual - Forecast)
(Actual - Forecast) ^ 2
Transcribed Image Text:Forecast error is calculated as: Actual - Forecast O Forecast - Actual (Forecast - Actual) ^ 2 Absolute (Actual - Forecast) (Actual - Forecast) ^ 2
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