All decisions that result in a favorable outcome are considered to be good decisions

Indicate whether the statement is true or false

FALSE

Business

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The last four weekly values of sales were 80, 100, 105, and 90 units, respectively. The last four forecasts (for the same four weeks) were 60, 80, 95, and 75 units, respectively. Calculate the MAD, MSE, and MAPE for these four weeks

Sales Forecast Error Error squared Pct. error 80 60 20 400 .25 100 80 20 400 .20 105 95 10 100 .095 90 75 15 225 .167

Business

Within reason, which is considered to be a "healthy" activity for employers?

A) absenteeism B) hiring more employees than is necessary at the time C) hiring lesser qualified employees to control the costs of compensation D) turnover

Business