MSL 5080

1. Describe four measures of forecasting errors and how they may occur when analyzing data.

2. Describe various inventory costs you may encounter when performing inventory control. Make sure you address carrying and ordering costs in your response.

Your response should be at least 200 words in length.

Render, B., Stair, R. M.,Jr., & Hanna, M. E. (2012). Quantitative analysis for management (11th ed.). Upper Saddle River, NJ: Prentice Hall.