Solved by verified expert :21) If average forecast error is
positive, it indicates that the forecast is biased high.
22) __________ is a gradual long
term upward or downward movement of demand.
23) A(n) __________ forecast
typically encompass a period longer than one years.
24) __________ error is the sum of the forecast
errors.
25) A(n) __________ forecast
encompasses the immediate future, is concerned with daily activities of the
firm and does not go beyond one or two months in to the future.
26) A(n) __________ is an
up-and-down repetitive movement within a trend occurring periodically.
27) __________ relates demand to two or more
independent variables.
28) One problem with multiple
regression is __________, which is a
measure of the amount of “overlapping” information about he dependent
variable that’s provided by several independent variables.
29) Exponential smoothing
forecasts are more sensitive or reactive to the changes in demand as the value
of the smoothing constant, α __________.
30) The closer the value of α is
to zero, the __________ will be the dampening or smoothing effect.
