Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. Generate a forecast for the year using this technique and then calculate forecast errors using MAPD

What is the mean absolute deviation for this forecasting approach?
A) 3.33%
B) 2.17%
C) 2.82%
D) 4.29%

Answer: D

Business

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Rachel loves fashion and is always seen wearing the trendiest fashion outfits. She actively shares her knowledge with a wide group of friends and colleagues about where to shop for the latest fashion at great deals

Most of her friends and colleagues follow her fashion tips. Rachel portrays the image of a(n) ________. A) surrogate consumer B) lagging adopter C) opinion leader D) brand personality E) social networker

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Lead times, inventory availability, and purchase orders outstanding are among the five things operations managers must know for effective use of dependent inventory models

Indicate whether the statement is true or false

Business