The correct answer is a. is associated with measuring forecast accuracy
Explanation:
Measurement error can be defined as the difference between a measured value and a true value. If we transport this to the business environment, in our demand forecasts, and in the most general sense, we can define forecast error as the comparison between the forecasted value and the real value.
Their calculation allows us to make decisions against which forecasting method is the best and they manage to detect when something in our demand forecast is not going well, with which we manage to change the direction of our decisions in order to make the best choices.
There will always be an error in the calculation of a demand forecast. In practice, we try to minimize both types of errors by choosing the best forecasting method, and that is why there is an error measurement in demand forecasts.
Free enterprise pretty much says that people can sell whatever they want at a price they choose to whoever wants to but it. Becacuse of this people wanted to go out and make their own businesses where they sold the goods or services they chose to. So yes, I believe free market inspired people to become euntrapenures. For the next question, yes as well. With the amount of people selling different things the economy became more diverse.
the amount of goods that are produced. -the capital required to build the factory. -the unlimited wants of the consumers. -the resources consumed in production.
