A Forecasting Method Has Produced the Following Over the Past

question 85

Multiple Choice

A forecasting method has produced the following over the past five months. What is the mean absolute deviation?

• A) -0.2
• B) -1.0
• C) 0.0
• D) 1.2
• E) 8.6

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Definitions:

Correlational Statistics

Statistics designed to measure relationships between variables.

Sample Size

The number of observations or data points in a sample drawn from a population for analysis.

P Value

The p value is a measure indicating the probability that the observed data would occur by chance if the null hypothesis were true.

Non-Directional

Pertaining to a hypothesis that does not specify the direction of the expected relationship between variables, only that one exists.