Quarterly Returns Were Forecasted for a Mutual Fund Comprised of Technology

question 114

Multiple Choice

Quarterly returns were forecasted for a mutual fund comprised of technology stocks.The forecast errors for the last six quarters are as follows: -0.47, 1.12, -0.85, 1.27, 0.07, and -0.05.The MAD based on these forecast errors is ________________________ .

• A)0.18
• B)0.22
• C)0.64
• D)0.77
• E)0.98

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Definitions:

Becomes Rapid

Accelerates in speed or activity.

Blood pH

The measure of the acidity or alkalinity of blood, crucial for maintaining essential physiological processes, typically kept within a very narrow range.

Hydrogen Ion Concentration

A measure of the acidity or alkalinity of a solution, determined by the concentration of hydrogen ions present; it influences the pH level of the solution.

Bicarbonate Ions

Anions resulting from the dissociation of carbonic acid, serving an important role in buffering acids and bases in the body.