A Time Series with Forecast Values Is Presented in the Following

question 87

Multiple Choice

A time series with forecast values is presented in the following table: $$\begin{array} { | r | r | r | } \hline \text { Month } & \text { Actual. } & \text { Forecast } \\\hline J a n & a & \\\hline \text { Mar } & 12 a & 1.1 a \\\hline \text { May} & 1.15 a & 1.2 a \\\hline J ul & 1.25 a & 12.21 a \\\hline \mathrm { Sep } & 1.3 a & 1.25 a \\\hline\end{array}$$
If the mean absolute deviation (MAD) is 257, then a = ______.

• A)4283.33
• B)428.33
• C)15.42
• D)42.833
• E)1.542

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Definitions:

Automatic Stay

A legal provision that automatically stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.

Secured Creditors

Creditors who have a legal right to specific assets of a debtor as collateral for the debts owed to them.

Repossession Proceedings

The legal process by which a lender takes back property when the borrower defaults on payments.

Insolvent

A financial state in which an individual or organization cannot meet its debt obligations due to lack of funds.