(Answered) Data on the performance

Management Studies

Question: A company collected data on the performance of their forecasts of 38 items in the previous season. The average A/F ratio across this sample is 1.02 and the standard deviation of the A/F ratios is 0.40. The average forecast is 2405 units. The data are plotted in the following graph. What comment best describes the quality of their forecasting process? Explain your answer and provide examples.

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