Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 11P
Summary Introduction

Interpretation:Finding out the term in division when made with forecast error while making calculations of forecast error percent.

Concept Introduction:Forecasting refers to future event anticipation process and forecast can be done by numerous methods depending upon past performance of the entity which is in similar operation. There by forecast is result of calculation made with available information of the operation.

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