Consider the Following Data Concerning the Performance of a Forecasting

question 143

Multiple Choice

Consider the following data concerning the performance of a forecasting method.

• A) The CFE is greater than 100, and the MAD is less than 50.
• B) The CFE is less than 100, and the MAD is less than 50.
• C) The CFE is less than 100, and the MAD is greater than 50.
• D) The CFE is greater than 100, and the MAD is greater than 50.

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Definitions:

Contract Date

The specific date on which a contract is signed or becomes enforceable.

Maturity Date

The final payment date of a loan or financial instrument, at which point the principal (and all remaining interest) must be paid.

Notes Receivable

Claims against others, recorded by an entity, that are evidenced by promissory notes, indicating the others’ promises to pay specified amounts at predetermined dates.

Current Liabilities

Current liabilities are a company's debts or obligations due within one year, appearing on the balance sheet and requiring the use of current assets.