Nora Damus reviews her forecasting triumphs and failures as part of her annual report to the Chief Operating Officer. She notes that her monthly forecast for batteries has a mean forecast error of 20, and a mean absolute deviation of 20
Which of the following statements about her forecast is BEST?
A) Nora has miscalculated her mean forecast error.
B) Nora has miscalculated her mean absolute deviation.
C) Nora has a negative tracking signal.
D) Nora has a positive tracking signal.
Answer: D
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A lessor can protect against a mechanic's lien for an unpaid construction work ordered by a lessee by:
a. posting and recording a notice of non-responsibility b. filing a suit against the contractor for undertaking the work without authorization from the landlord c. serving the lessee with a notice of responsibility d. declaring a breach of contract and dispossessing the lessee
The Economic Production Quantity (EPQ) model assumes instantaneous replenishment
Indicate whether the statement is true or false