Quarterly Returns Were Forecasted for a Mutual Fund Comprised of Technology

question 33

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: -.47, 1.12, -.85, 1.27,
) 07, and -.05. The MAD based on these forecast errors is

• A) .77
• B) .98
• C) .22
• D) .18
• E) .64

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