Explain,with Examples,the Different Accounting Information Needs of the Following Users

question 7

Essay

Explain,with examples,the different accounting information needs of the following users: investors,department managers and trade creditors.

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Definitions:

Mean Absolute Deviation

A measure of dispersion in a data set calculated as the average of the absolute deviations from a central point, typically the mean or median.

Fitted Values

Predicted values generated by a statistical model that approximate the observed data points.

Autoregressive Model

A model for forecasting a time series that uses the relationship between an observation and a number of lagged observations.

Time Series Data

Data points collected or recorded at regular time intervals, used for analyzing trends, cycles, and seasonal variations over time.