The Demand and Forecast Values Are Shown in the Table

question 27

Multiple Choice

The demand and forecast values are shown in the table below: The forecast error for September is

• A)10.00.
• B)-10.00.
• C)1.00.
• D)39.00.

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Definitions:

Consumers

Individuals or entities that purchase goods and services for personal use or consumption, driving demand in the economy.

Productive Resources

Inputs used in the production of goods and services, such as land, labor, and capital.

Fundamental Economic

Relating to the basic principles and models that underlie economic theory and practice.

Freebies

Items or services given away for free, often used as a marketing or promotional tool.