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Cost Of Error Affects The Forecasting Model Selection

Discusses the cost of error in a business. The cost of under-forecasting far exceeds the cost of over-forecasting. Also, explains error measures to be used in selecting a model.

From Issue: Spring 1991
(Spring 1991)

IBF Journal Article by Charles M. Ermer, originally published in Spring 1991
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Cost Of Error Affects The Forecasting Model Selection
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