Use the Data Given Below to Answer the Following Question(s)

question 10

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the industrial lathe sales from the years 2000-2005.The forecaster uses the regression method to determine the forecast for the future.
-For the data given above,identify the value of MAD.[Hint: Round the forecast values to 3 decimal places.]

• A)1,014,031.75
• B)818.73
• C)1,006.99
• D)16.51

---

Definitions:

Fraud in the Inducement

A type of fraud involving false representations that lead another to enter into an agreement or transaction.

Breach of Contract

The violation of any agreed-upon terms and conditions in a binding contract.

Stops Payment

A banking term describing the act of a check writer instructing their bank to not honor a specific check that they have written.

Cash-All-Checks

A policy or service where a financial institution or business agrees to cash all checks presented, typically without restrictions.