Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, 6, 11, and 12 units, respectively. What is the Mean Absolute Deviation (MAD) of this forecasting period?
A. 2
B. - 10
C. 5.5
D. 9
E. 10.5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You are saving for retirement. To live comfortably, you decide you will need to save $ 3 million by the time you are 65.
No Answers
Total Materials VarianceKrumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.7 ounces of aluminum per can. During the month of April, 450,000 cans were produced using 1,875,000 ounces of aluminum.
Answers (1)
The matching principlea. requires that all credit losses be recorded when an individual customer cannot pay. b. necessitates the recording of an estimated amount for bad debts. c. results in the recording of a known amount for bad debt losses. d.
Answers (1)
What type of company performs fire suppression duties at structure, vehicle, wildland, and other types of fires?
Answers (1)
Steven is moving into his first apartment in a few weeks and has been busy packing. In addition to the things he has purchased with money earned from his full-time job, his parents have told him that he can take the furniture in his bedroom and his
Answers (1)
New Questions in Business
Willey Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles.
Answers (1)
In a process cost system, the amount of work in process inventory is valued by a. allocating departmental costs between completed and partially completed units b. finding the sum of all completed jobs c.
Answers (1)
Measures of central tendency and variability are calculated to describe the nature of charitable giving each year. These figures are computed for the "average" American citizen. Which of these is a possible value for the variance in dollars given? A.
Answers (1)
How do you get a business at the age of 13
Answers (2)
Use the following data to compute total factory overhead costs for the month: Sales commissions $ 12,200 Direct labor 41,000 Indirect materials 16,600 Factory manager salaries 8,600 Factory supplies 10,400 Indirect labor 7,700 Depreciation-office
Answers (1)