Which of the Following Can Be Used to Monitor a Forecast

question 23

Multiple Choice

Which of the following can be used to monitor a forecast to see if it is biased high or low?

• A)a tracking signal
• B)the mean absolute deviation (MAD)
• C)the mean absolute percentage deviation (MAPD)
• D)a linear trend line model

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Definitions:

Supply and Demand Curves

Graphical representations in economics that illustrate the relationship between the supply of goods and services and their prices in the market.