A Forecasting Method Has Produced the Following Data Over the Past

question 35

Multiple Choice

A forecasting method has produced the following data over the past 5 months shown in Data Set E2.What is the mean absolute deviation (accurate to 2 decimals) ?

• A)−0.60
• B)−1.20
• C)1.00
• D)1.25

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Definitions:

Forged

Refers to the illegal modification or creation of a document, artwork, or signature with the intent to deceive.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

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A legal term referring to an individual or entity that possesses a negotiable instrument, such as a check or promissory note, and has the right to collect and enforce the instrument.

Dishonored

A term commonly used in banking and finance referring to a cheque or payment that has been refused or cannot be processed.