The measure of how significantly a forecast method consistently over- or underestimates demand is
A) mean squared error (MSE).
B) mean absolute deviation (MAD).
C) bias.
D) the tracking signal.
Answer: D
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The supply schedule of pesos has a negative-sloping region corresponding to the inelastic region on the Mexican demand schedule for foreign currency.
a. True b. False
Which of the following will be debited to the Manufacturing Overhead account of a watch manufacturer?
A) office telephone costs B) salaries paid to accountants C) factory electricity costs D) cost of printing brochures
The amount of sales time a salesperson should spend with an account should be determined by:
A. the strength of relationship with the client. B. the time required to travel to the customer's place. C. the similarity of the customer's needs with those of other accounts. D. the number of years the account has been a customer. E. the value of the business from the account.
What do the BRIC countries have in common?
a. Government models b. Economic models c. Resource-based economies d. A label