ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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methods for performance measures of forecasting, except
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MAD
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MAPE
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MSE
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MRP
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Explanation:
Detailed explanation-1: -Forecasting performance measures can be classified into two types: directional and size. The bias is the primary measure that evaluates the direction of the error and hence the degree by which a forecasting model yields forecasts which either over or under estimate the actual values.
Detailed explanation-2: -There are two types of forecasting methods: qualitative and quantitative.
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