Given: A_t = the Actual Value of the Time Series

question 5

Multiple Choice

Given: A_t = the actual value of the time series at time t,F_t = the forecast value for time t,and n = the number of forecast values.Identify the formula used to calculate the mean absolute percentage error.

• A)MAPE = × 100
• B)MAPE = × × 100
• C)MAPE = × 100
• D)MAPE = × 100

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Definitions:

Total Utility

The complete satisfaction or pleasure a consumer obtains from consuming a given quantity of goods or services.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for certain combinations of goods.

Budget Constraint

Constraints on the assortments of products and services available for purchase by a consumer, determined by their financial resources and market prices.

Tangent

A straight line that touches a curve at a single point without crossing it, often used to find the slope of the curve at that point.