A Company Has Calculated Its Running Sum of Forecast Errors

question 6

Multiple Choice

A company has calculated its running sum of forecast errors to be 500, and its mean absolute deviation is exactly 35. Which of the following is the company's tracking signal?

• A) Cannot be calculated based on this information
• B) About 14.3
• C) More than 35
• D) Exactly 35
• E) About 0.07

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Definitions:

Canadian Psychological Association

A professional organization that represents psychologists in Canada, promoting excellence and innovation in psychological research, education, and practice.

Advancement of Psychology

The progression and evolution of psychological theories, practices, and understanding over time.

Largest Organization

Typically refers to the entity with the highest number of employees, most extensive network, or greatest scale of operations in its domain or globally.

Structuralism

An approach in psychology that seeks to understand the structure of the mind by breaking down mental processes into their most basic components.