The difference between actual demand and the forecast is
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heya meta here is ur Answer ✌️✌️
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A measure of the tendency of a forecast to be consistently higher (negative bias) or lower (positive bias) than the actual demand. The difference between actual demand and the forecast. ... The forecast errors are squared and then summed and divided by the number of periods to determine the mean square error.
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hope it helps u❤️❤️
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A measure of the tendency of a forecast to be consistently higher (negative bias) or lower (positive bias) than the actual demand. The difference between actual demand and the forecast. ... The forecast errors are squared and then summed and divided by the number of periods to determine the mean square error.
.
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hope it helps u❤️❤️
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