The Following Table Shows the Number of Pies Consumed by the Deans

question 33

Multiple Choice

The following table shows the number of pies consumed by the deans' suite during a monthly pie-eating contest. What is the forecast bias?

• A)-1.86
• B)-1.04
• C)1.04
• D)1.86

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Definitions:

Gold Standard

An economic arrangement where paper money in a country directly mirrors the value of gold.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and leading to significant geopolitical changes.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, beginning with the U.S. stock market crash of 1929 and leading to widespread economic hardship globally.

Gold Standard

A monetary setup where the value of a nation's currency is directly tied to the value of gold.