The formula for the forecast error is calculated by using the equation: a. Actual demand for period t minus the forecasted demand for period t b. Actual demand for period t divided by the forecasted demand for period t c. Actual demand for period t plus the forecasted demand for period t d. The average of Actual demand for period t and forecasted demand for period t

A. Actual demand for period t minus the forecasted demand for period t

Explanation:

In statistics, forecast is the difference between actual demand and forecast demand and can be stated or represented in absolute value or as a percentage. It is the difference between real and predicted value of time series or any other phenomenon of interest. The value is gotten by subtracting the value of forecast from the outcome.

Forecast error = actual demand - Forecast

answer: most likely c

explanation:

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know