Table 119 -Use the Information in Table 11

question 162

Multiple Choice

Table 11.9.
$$\begin{array} { | c | c | c | } \hline \text { Quarter } & \begin{array} { c } \text { Forecasted } \\\text { Demand } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Actual } \\\text { Demand } \\\text { (Units) }\end{array} \\\hline 1 & 85 & 95 \\2 & 55 & 55 \\3 & 70 & 45 \\4 & 60 & 75 \\\hline\end{array}$$
-Use the information in Table 11.9. What is the mean absolute deviation of forecast errors for the data?

• A) 0 units
• B) greater than 0, but less than or equal to 25 units
• C) greater than 25, but less than or equal to 50 units
• D) greater than 50 units

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Definitions:

Compounded Semiannually

Compounded semiannually refers to the process of calculating interest on a principal sum where the interest is added to the principal twice a year, causing it to grow at an accelerated rate.

Strip Bond

A debt security that pays no interest and is sold at a discount from its face value, with the investor receiving the bond's face value at maturity.

Compounded Semiannually

The process of applying interest to an investment or loan twice a year, resulting in compound growth.

Face Value

The nominal value or dollar value stated on a security or financial instrument, such as a bond.