Which of the Following Methods Gives an Indication of the Percentage

question 59

Multiple Choice

Which of the following methods gives an indication of the percentage of forecast error?

• A)MAD
• B)MSE
• C)MAPE
• D)decomposition
• E)bias

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Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, remaining constant within a specific range of activity.

Contribution Margin

The difference between a company's sales revenue and its variable costs.

Traceable Fixed Expenses

Fixed costs that can be directly linked to a specific business segment or operation.

Net Operating Income

A company's income after all operating expenses are deducted but before interest and taxes are accounted for.