A Time Series Analysis Was Performed to Determine the Number

question 7

Multiple Choice

A time series analysis was performed to determine the number of new online customers that joined the 'Jelly of the Month Club'.The actual number of new customers, the forecast values and the error terms are presented in the following table.The mean absolute deviation (MAD) for this forecast is ___________. $\begin{array}{|r|r|r|r|}\hline \text { Monthh } & \text { Actual } & \text { Forecast} & \text { Error } \\\hline \text { July } &4 & & \\\hline \text { Aug } & 6 & 5 &-1 \\\hline \text { Sept } & 3 & 6 &3 \\\hline \text { Oct } & 9 & 8& -1 \\\hline \text { Nov } &8 &9& 1 \\\hline\end{array}$

• A)-0.50
• B)0.50
• C)1.50
• D)7.00
• E)3.00

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Definitions:

Culture Wars

Conflicts between groups with different ideals, beliefs, or philosophies regarding societal norms and values, often reflected in politics, religion, and public discourse.

Cultural Diffusion

The dissemination of cultural traditions and social behaviors from one community to another.

Cultural Imperialism

The domination of one culture over others, often through media and consumer products, leading to the imposition of the dominant culture's values and practices.

Cultural Leveling

The process by which cultures that were once distinct become increasingly similar to one another through interaction and exchange.