The Mean Absolute Deviation Averages the Absolute Differences Between the Actual

question 31

Multiple Choice

The mean absolute deviation averages the absolute differences between the actual values of the time series at time t and the forecast values at time:

• A) t + 1
• B) t
• C) t - 1
• D) t - 2

---

Definitions:

RFP

Request for Proposal; a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset.

Business

The practice of engaging in commerce, trading, or services for the purpose of earning profit and meeting the needs of customers.

Agency's Requirements

The specific criteria, needs, or conditions that an organization or entity insists must be met or provided.

Discussing

The act of talking about something with someone to share ideas or opinions, or to reach a decision.