What is the primary function of the transformation worksheet that uses the standard deviation of errors?

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The primary function of the transformation worksheet that uses the standard deviation of errors is to compute the standard deviation of forecast errors. This is crucial in supply chain management and forecasting, as it provides insight into the accuracy of the predictions being made. By calculating the standard deviation of errors, organizations can assess the variability of their forecast performance, which in turn helps in identifying how much confidence they can place in their forecasts. Monitoring forecast accuracy is important for effective decision-making and strategic planning, ensuring that resources are allocated appropriately based on reliable data.

The other options do not align with the core function of the transformation worksheet focused on forecast errors. While calculating financial forecasts, analyzing customer satisfaction scores, or transforming data visually are all important tasks in various contexts, they do not specifically relate to standard deviation or the assessment of forecast inaccuracies.

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