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XYZ Company, Annual Data Based on the Information Given

question 56

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XYZ Company, Annual Data XYZ Company, Annual Data   Based on the information given in the table above, what is the average forecast error? A)  -1.3333 B)  1.6667 C)  -2.5 D)  -3.3333 E)  4.5 Based on the information given in the table above, what is the average forecast error?


Definitions:

Sales Details

Specific information related to the quantity, price, and conditions of a product or service sale.

Value of K

In various contexts, it represents a specific variable or parameter value, such as the number of nearest neighbors in KNN algorithm or clusters in K-means clustering.

Mean Absolute Deviation

A measure of variability that averages the absolute deviations of individual observations from a central point, typically the mean.

Sales Details

Specific information related to the volume, transactions, and characteristics of sales within a business or market.

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